NMI Holdings to repay $147 million term loan with new notes’ proceeds

By Rebecca Melvin

New York, June 3 – NMI Holdings, Inc. plans repay its $147 million term loan with proceeds of an issuance of new senior notes, according to a company release.

NMI said it is pricing $300 million of five-year senior secured bullet notes (Ba2/BB) by the end of the week.

J.P. Morgan Securities LLC is leading the sale.

The Emeryville, Calif.-based company is the parent of National Mortgage Insurance Corp.

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