Radian Announces Redemption Price for 5.250% Senior Notes Due 2020

Radian Group Inc. (NYSE: RDN) announced today that the redemption price of the Radian Group Inc. 5.250% Senior Notes due 2020 (CUSIP Number 750236AS0) (the Notes) will be 102.446 percent of the principal amount of Notes outstanding plus accrued interest.

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Provider: 
Business Wire, Inc.
Retrieved on: 
Tuesday, July 23, 2019
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Tags: 
Commercial Building & Real Estate, Construction & Property, Insurance, Finance, Banking, Professional services, Residential Building & Real Estate
Geotags: 
PENNSYLVANIA, United States
⚠ generated by AI ↴
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RADIAN
Summary
Key Points: 
  • Radian Group Inc. (NYSE: RDN) announced today that the redemption price of the Radian Group Inc. 5.250% Senior Notes due 2020 (CUSIP Number 750236AS0) (the Notes) will be 102.446 percent of the principal amount of Notes outstanding plus accrued interest.
  • The principal amount of the Notes outstanding is $26,959,000, and the aggregate redemption amount due is $27,775,735.12, which includes accrued interest through the redemption date.
  • The Notes will be redeemed in full, and on and after July 25, 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 July 25, 2019, only upon presentation and surrender of the Notes to U.S. Bank National Association for cancellation.


Radian Group Inc. (NYSE: RDN) announced today that the redemption price of the Radian Group Inc. 5.250% Senior Notes due 2020 (CUSIP Number 750236AS0) (the “Notes”) will be 102.446 percent of the principal amount of Notes outstanding plus accrued interest. The principal amount of the Notes outstanding is $26,959,000, and the aggregate redemption amount due is $27,775,735.12, which includes accrued interest through the redemption date. The Notes will be redeemed in full, and on and after July 25, 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 July 25, 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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