Radian Group expands credit facility to $880 million

ITEM 1.01

Entry into a Material Definitive Agreement.

On October 29, 2026, Inigo Corporate Member Limited ("ICML"), a company incorporated in England and Wales and a wholly-owned subsidiary of Radian Group Inc., a Delaware corporation ("Radian Group"), amended and restated its existing letter of credit facility with a syndicate of participating banks. As further described below, among other things, the amendments add Radian Group as guarantor and increase the aggregate lender commitments from $620 million to $880 million. The letters of credit issued under the facility will be part of ICML's funds at Lloyd's ("FAL").

On October 29, 2026, ICML, Inigo Limited ("Inigo Limited"), a company incorporated in England and Wales and a wholly-owned subsidiary of Radian Group, and Radian Group entered into a Fifth Amendment and Restatement Agreement (the "Fifth Restatement Agreement") with Barclays Bank PLC, as facility agent (in such capacity, the "Agent") and as security agent and trustee, and the lenders from time to time party thereto (the "Lenders") that amends and restates the Letter of Credit Facility Agreement (the "Original Facility Agreement"), dated as of November 3, 2021, as amended and restated on October 31, 2022, October 26, 2023 and October 29, 2024 (and further amended pursuant to an amendment agreement dated December 23, 2024) and as amended and restated October 30, 2025 (collectively, the "Prior Amendments" and together with the Original Facility Agreement, the "Existing LOC Agreement"). The Existing LOC Agreement, as amended by the Fifth Restatement Agreement, is referred to herein as the "Amended LOC Facility."

The Fifth Restatement Agreement establishes certain changes to the Existing LOC Agreement, including (i) adding Radian Group as guarantor of ICML's obligations thereunder, (ii) removing Inigo Limited as guarantor of ICML's obligations thereunder, (iii) providing for the letters of credit issued under the Amended LOC Facility to support ICML's underwr

ITEM 2.03

Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth in Item 1.01 of this Current Report is incorporated herein by reference.

Item 9.01.

Financial Statements and Exhibits.

(d) Exhibits.

10.1

Fifth Amendment and Restatement Agreement, dated October 29, 2026, by and among Inigo Corporate Member Limited as borrower, Inigo Limited as resigning parent, Radian Group Inc. as new parent and guarantor, Barclays Bank PLC, National Westminster Bank PLC, ING Bank N.V., London Branch, SMBC Bank International plc, Lloyds Bank plc, ABN AMRO Bank N.V., HSBC Bank plc and The Bank of Nova Scotia, London Branch as original lenders and mandated lead arrangers, and Barclays Bank PLC as agent and security agent.

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SIGNATURES

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.

RADIAN GROUP INC.

Date: November 3, 2026

By:

/s/ Daniel Kobell

Daniel Kobell, Senior Executive Vice President, Chief Financial Officer