Radian Announces Redemption Price for 6.625% Senior Notes due 2025
15 Mars 2024 - 9:15PM
Business Wire
Radian Group Inc. (NYSE: RDN) announced today that the
redemption price of the Radian Group Inc. 6.625% Senior Notes due
2025 (CUSIP Number 750236AX9) (the “Notes”) will be 100.396 percent
of the principal amount of Notes outstanding plus accrued and
unpaid interest up to, but excluding, the redemption date. The
principal amount of the Notes outstanding is $525,000,000, the
aggregate redemption amount due is $527,079,000, and the accrued
and unpaid interest is $386,458.33. The Notes will be redeemed in
full, and on and after March 19, 2024, 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 March 19, 2024, only upon
presentation and surrender of the Notes to U.S. Bank Trust Company,
National Association for cancellation.
About Radian Radian Group Inc. (NYSE: RDN) is ensuring
the American dream of homeownership responsibly and sustainably
through products and services that include industry-leading
mortgage insurance and a comprehensive suite of mortgage, risk,
title, valuation, asset management and other real estate services.
We are powered by technology, informed by data and driven to
deliver new and better ways to transact and manage risk.
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version on businesswire.com: https://www.businesswire.com/news/home/20240315454761/en/
For Investors John Damian – Phone: 215.231.1383 Email:
john.damian@radian.com
For the Media Rashi Iyer – Phone: 215.231.1167 Email:
rashi.iyer@radian.com
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