Radian Group’s Inigo expands letter-of-credit facility to $880 million
RDN•Radian Group subsidiary Inigo Corporate Member increased its letter-of-credit facility to $880 million from $620 million on October 29, 2026. The facility supports Lloyd’s underwriting for the 2027 underwriting year and prior open years.
1. Facility expanded
Inigo Corporate Member increased its letter-of-credit facility to $880 million from $620 million on October 29, 2026. Radian Group replaced Inigo Limited as guarantor under the amended facility, with Barclays Bank serving as facility agent.
2. Terms and risks
The facility supports Inigo’s Lloyd’s underwriting for the 2027 underwriting year and prior open years. Letters of credit have a minimum four-year term and expire no later than December 31, 2030. A facility default could trigger defaults under Radian Group’s revolving credit facility and outstanding senior notes.
