Radian to offer senior notes via three bookrunners

By William Gullotti

Buffalo, N.Y., Feb. 27 – Radian Group Inc. plans to price an offering of senior notes, according to a 424B5 filed with the Securities and Exchange Commission.

The notes will feature a make-whole call until some months prior to maturity, followed by a par call.

RBC Capital Markets, LLC, Goldman Sachs & Co. LLC and U.S. Bancorp Investments, Inc. are the joint bookrunning managers.

U.S. Bank Trust Co., NA is the trustee.

Faegre Drinker Biddle & Reath LLP is the issuer’s counsel, with Willkie Farr & Gallagher LLP advising the underwriters.

Proceeds will be used, in part, to redeem senior notes due 2025, with the remaining net proceeds used for other general corporate purposes. Proceeds may also be used to fund a portion of the redemption, repurchase or repayment of senior notes due 2024.

Radian is a Philadelphia-based provider of private mortgage insurance, risk management products and real estate services to financial institutions.

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