Enact’s $750 Million Offering

Cleary Gottlieb represented the underwriters, led by J.P. Morgan Securities LLC, Citigroup Global Markets Inc., and Goldman Sachs & Co. LLC, in the registered offering by Enact Holdings Inc. (Enact) of $750 million aggregate principal amount of its 6.25% senior notes due 2029.

This is the first time Enact has issued investment-grade debt.

The offering priced on May 22, 2024, and is expected to close on May 28, 2024.

Cleary previously represented the underwriters in Enact’s $291 million initial public offering in September 2021.

Enact, operating principally through its wholly owned subsidiary Enact Mortgage Insurance Company, is a leading U.S. private mortgage insurance provider committed to helping more people achieve the dream of homeownership.