RADIAN GROUP INC (RDN): debt financing — Radian completes $625M 6.200% senior notes due 2029; calls $525M 2025 notes

RADIAN GROUP INC

Issued $625M of 6.200% senior notes due May 15, 2029; net proceeds ~$616.8M.
Will redeem all $525M of outstanding 6.625% senior notes due 2025 on March 19, 2024.
Balance of proceeds plus cash on hand for general corporate purposes, including possible 4.500% notes due 2024.
Notes are unsecured senior obligations; redeemable at Treasury plus 30bps before April 15, 2029.

item 2.03 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

RADIAN GROUP INC incurred senior notes of $625 million aggregate principal amount at 6.200% maturing 2029.

Instrument: senior notes
Principal: $625 million aggregate principal amount
Rate: 6.200%
Maturity: 2029
Event: incurrence

Exact text from the filing

(EX-99.1) --- EX-99.1 Exhibit 99.1 OTHER EXPENSES OF ISSUANCE AND DISTRIBUTION The estimated expenses incurred by the Company in connection with its issuance and sale of $625 million aggregate principal amount of 6.200% Senior Notes due 2029, are set forth in the following table: Securities and Exchange Commission Registration Fee $ 92,250 Legal Fees and

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RADIAN GROUP INC filing history →

Source: SEC EDGAR

accession 0001193125-24-057914

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