UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM
CURRENT REPORT
Pursuant to Section 13 OR 15(d)
of The Securities Exchange Act of 1934
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| Item 1.01. | Entry into a Material Definitive Agreement. |
As previously disclosed, on July 15, 2022, Radian Mortgage Capital LLC (“RMC”), a subsidiary of Radian Group Inc. (the “Company”), entered into an uncommitted Master Repurchase Agreement (the “MRA”), among Radian Liberty Funding LLC (“Liberty”), a subsidiary of RMC, Goldman Sachs Bank USA (“Goldman”), and RMC. The MRA is being used to finance RMC’s acquisition of residential mortgage loans that are purchased from correspondent lenders and held by RMC for direct sale to mortgage investors or distribution in the capital markets through securitization. In addition to serving as a party to the MRA, RMC also entered into a Guaranty and Security Agreement, dated as of July 15, 2022, to guarantee the obligations of its wholly-owned subsidiary, Liberty, under the MRA (the “RMC Guaranty”). Also as previously disclosed, the Company entered into a Guaranty Agreement (the “Parent Guaranty”), dated as of July 15, 2022, in favor of Goldman to guaranty the obligations of RMC and Liberty. Since July 2022, RMC, Liberty and Goldman have entered into four previously disclosed amendments to the MRA primarily to change the size of the facility, which is currently $200 million, and to extend the termination date of the MRA.
On May 30, 2025, RMC, Liberty and Goldman entered into Amendment No. 5 to the MRA (the “Goldman MRA Amendment No. 5”) to further extend the MRA termination date from May 31, 2025 to August 31, 2025. In all other material respects, the terms of the MRA, the Parent Guaranty and the RMC Guaranty, remain unchanged.
The foregoing summary is qualified in its entirety by reference to the full text of the Goldman MRA Amendment No. 5, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and which is incorporated herein by reference.
| Item 2.03. | Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. |
The information required by Item 2.03 contained in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits
| Exhibit No. |
Description | |
| Exhibit 10.1 | Amendment No. 5 to Master Repurchase Agreement, dated as of May 30, 2025, by and among Goldman Sachs Bank USA, Radian Liberty Funding LLC and Radian Mortgage Capital LLC | |
| Exhibit 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: June 2, 2025 | RADIAN GROUP INC. | |||||
| By: | /s/ Liane Browne | |||||
| Name: | Liane Browne | |||||
| Title: | Senior Vice President | |||||