Radian Announces Redemption Price for 6.625% Senior Notes due 2025

WAYNE, Pa.--(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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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

Source: Radian Group Inc.

FAQ

What is the redemption price of Radian Group Inc.'s 6.625% Senior Notes due 2025?

The redemption price is 100.396 percent of the principal amount of Notes outstanding plus accrued and unpaid interest.

When will interest on the Notes cease to accrue?

Interest on the Notes will cease to accrue on and after March 19, 2024.

What is the total redemption amount due for the Notes?

The total redemption amount due is $527,079,000.

Where should holders present and surrender the Notes for payment?

Holders should present and surrender the Notes to U.S. Bank Trust Company, National Association for cancellation.