Radian Announces Redemption Price for 7.000% Senior Notes Due 2021
September 25 2019 - 4:30PM
Business Wire
Radian Group Inc. (NYSE:RDN) announced today that the redemption
price of the Radian Group Inc. 7.000% Senior Notes due 2021 (CUSIP
Number 750236AT8) (the “Notes”) will be 106.742 percent of the
principal amount of the Notes outstanding plus accrued interest.
The principal amount of the Notes outstanding is $70,360,000, and
the aggregate redemption amount due is $75,267,904.22, which
includes accrued interest through the redemption date. The Notes
will be redeemed in full, and on and after September 27, 2019,
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
September 27, 2019, only upon presentation and surrender of the
Notes to U.S. Bank National Association for cancellation.
About Radian
Radian 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, real estate, and title services. We are
powered by technology, informed by data and driven to deliver new
and better ways to transact and manage risk. Learn more about
Radian’s financial strength and flexibility at www.radian.biz and
visit www.radian.com to see how Radian is shaping the future of
mortgage and real estate services.
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version on businesswire.com: https://www.businesswire.com/news/home/20190925005907/en/
Emily Riley – Phone: 215.231.1035 Email:
emily.riley@radian.com
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