Radian Announces Underwriters’ Exercise of Option to Purchase Additional Common Stock
08 Mai 2014 - 11:25PM
Business Wire
Radian Group Inc. (NYSE: RDN) announced today that the
underwriters of its recently announced public offering of common
stock have exercised in full their option to purchase an additional
2,325,000 shares of common stock from Radian Group at the public
offering price of $14.50 per share, less underwriting discounts and
commissions. As a result, Radian Group expects to issue a total of
17,825,000 shares of common stock in the offering. Goldman, Sachs
& Co. acted as book-running manager for the offering, and J.P.
Morgan Securities LLC, Morgan Stanley & Co. LLC, Keefe,
Bruyette & Woods, Inc., and Macquarie Capital (USA) Inc. acted
as co-managers.
The offering was conducted pursuant to an effective registration
statement (including a base prospectus) under the Securities Act of
1933, as amended. A copy of the prospectus supplement and the
accompanying prospectus for the offering has been filed with the
SEC and is available for free on the SEC’s website, www.sec.gov.
Alternatively, copies may be obtained from Goldman, Sachs &
Co., Attn: Prospectus Department, 200 West Street, New York, NY
10282, by calling (866) 471-2526 or by emailing
prospectus-ny@ny.email.gs.com.
This press release is for informational purposes only and does
not constitute an offer to sell or the solicitation of an offer to
buy any security of the Company, nor will there be any sale of any
such security in any jurisdiction in which such offer, sale or
solicitation would be unlawful. The offering is made only by means
of a prospectus supplement and accompanying base prospectus.
About Radian
Radian Group Inc., headquartered in Philadelphia, provides
private mortgage insurance and related risk mitigation products and
services to mortgage lenders nationwide through its principal
operating subsidiary, Radian Guaranty Inc. These services help
promote and preserve homeownership opportunities for homebuyers,
while protecting lenders from default-related losses on residential
first mortgages and facilitating the sale of low-down payment
mortgages in the secondary market.
Radian Group Inc.Emily Riley,
215-231-1035emily.riley@radian.biz
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