Radian Announces Redemption Price for 5.375% Senior Notes due 2015
13 Juin 2014 - 2:00PM
Business Wire
Radian Group Inc. (NYSE: RDN) previously disclosed that it would
redeem all of the outstanding Radian Group Inc. 5.375% Senior Notes
due 2015 (CUSIP Number 75023AJ0) (the “Notes”) on June 16, 2014.
Radian today announced that pursuant to the Senior Indenture for
the Notes, the redemption price for the Notes will be 104.998
percent of the principal amount of Notes outstanding, plus accrued
interest. The principal amount of the Notes outstanding is
$54,499,000.00, and the aggregate redemption amount due is
$57,230,997.02. The Notes will be redeemed in full, and on and
after June 16, 2014, interest on the Notes will cease to accrue,
and all rights of the holders of the Notes, except the right to
receive the redemption price, will cease. Payment will be made to
holders of the Notes on June 16, 2014, only upon presentation and
surrender of the Notes to U.S. Bank National Association, the
trustee for the Notes, for cancellation.
ABOUT RADIAN
Radian Group Inc. (NYSE: RDN), 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-downpayment mortgages in the secondary market. Additional
information may be found at www.radian.biz.
Radian Group Inc.Emily Riley,
215-231-1035emily.riley@radian.biz
Radian (NYSE:RDN)
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