Radian Announces Redemption Price for 5.375% Senior Notes due 2015
PHILADELPHIA--(BUSINESS WIRE)--Jun. 13, 2014--
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.com.
Source: Radian Group Inc.
Radian Group Inc.
Emily Riley, 215-231-1035
emily.riley@radian.com
