Business Daily.
.
A+ R A-

Radian Announces Further Actions to Strengthen Capital Structure

E-mail Print PDF
PHILADELPHIA--(BUSINESS WIRE)--Radian Group Inc. announced today that, following the pricing of its 5.250% Senior Notes due 2020 (the 2020 Senior Notes), it has entered into privately negotiated agreements with certain of the holders (Sellers) of its 3.000% Convertible Senior Notes due 2017 (the 2017 Convertible Notes) to purchase an aggregate of $389 million principal amount of 2017 Convertible Notes for a combination of cash and shares of Radian common stock (the Convertible Purchase). Radian

imageimage
Grow Your Business with Times Media
Business Daily Media