Radian Group Inc. has announced an amendment to an existing financing agreement involving its subsidiary, Radian Mortgage Capital LLC $(RMC.AU)$. The amendment pertains to the Master Repurchase Agreement (MRA) with Goldman Sachs Bank USA and Radian Liberty Funding LLC, a subsidiary of RMC. The agreement, initially established to finance RMC's acquisition of residential mortgage loans, now sees its termination date extended from May 31, 2025, to August 31, 2025. This marks the fifth amendment to the MRA, which currently has a facility size of $200 million. The terms of the Parent Guaranty and the RMC Guaranty remain unchanged, ensuring the continuity of obligations under the agreement.
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