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08/11/2016

Radian Announces Redemption Price for 9.000% Senior Notes due 2017

PHILADELPHIA--(BUSINESS WIRE)--Aug. 11, 2016-- Radian Group Inc. (NYSE: RDN) previously disclosed that it would redeem all of the outstanding Radian Group Inc. 9.000% Senior Notes due 2017 (the “Notes”) on August 12, 2016. Radian today announced that pursuant to the Senior Indenture for the Notes, the redemption price for the Notes will be 106.668 percent of the principal amount of Notes outstanding, plus accrued interest. The principal amount of the Notes outstanding is $195,501,000, and the aggregate redemption amount due is $211,322,895.93, including accrued interest through the redemption date. The Notes will be redeemed in full, and on and after August 12, 2016, 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 August 12, 2016, only upon presentation and surrender of the Notes to U.S. Bank National Association, the trustee for the Notes, for cancellation.

ABOUT RADIAN

Radian Group Inc. (NYSE: RDN), headquartered in Philadelphia, provides private mortgage insurance, risk management products and real estate services to financial institutions. Radian offers products and services through two business segments:

  • Mortgage Insurance, through its principal mortgage insurance subsidiary Radian Guaranty Inc. This private mortgage insurance protects lenders from default-related losses, facilitates the sale of low-downpayment mortgages in the secondary market and enables homebuyers to purchase homes more quickly with downpayments less than 20%.
  • Mortgage and Real Estate Services, through its principal services subsidiary Clayton, as well as Green River Capital, Red Bell Real Estate and ValuAmerica. These solutions include information and services that financial institutions, investors and government entities use to evaluate, acquire, securitize, service and monitor loans and asset-backed securities.

Additional information may be found at www.radian.com.

Source: Radian Group Inc.

Radian Group Inc.
Emily Riley, 215-231-1035
emily.riley@radian.com