debt
confidence high
sentiment neutral
materiality 0.65
Radian enters $600M intercompany note at 6.5% to fund Inigo acquisition, closing in Feb 2026
RADIAN GROUP INC
- $600M intercompany note, 10-year term, 6.50% interest, from Radian Guaranty Inc. to Radian Group.
- Proceeds to fund part of Inigo Limited purchase price; acquisition expected to close in February 2026.
- Pennsylvania Insurance Department approved note; conditions include enhanced reporting and prepayment if needed.
- RGI must maintain minimum $500M policyholders' surplus; dividend restrictions for at least three years.