RDN - Public offerings

Radian Group Inc. (NYSE:RDN) announced today that it has priced its public offering (the "Offering") of $625 million aggregate principal amount of senior unsecured notes due 2029 (the "Notes"). The Offering is expected to close on March 4, 2024, subject to customary closing conditions. The Notes will pay interest semi-annually on May 15 and November 15, beginning on November 15, 2024, at a rate of 6.200% per year, and will mature on May 15, 2029. The Company intends to use the net proceeds from the Offering to redeem the Company's 6.625% senior notes due March 2025. The Company expects to use the balance of the net proceeds, together with cash on hand, for general corporate purposes, wh

Radian Group Inc. (NYSE:RDN) today announced that its wholly owned subsidiary, Radian Guaranty Inc. has obtained $353 million of fully collateralized excess of loss reinsurance coverage from Eagle Re 2023-1 Ltd. (Eagle Re). The excess of loss reinsurance covers eligible mortgage insurance policies written by Radian Guaranty from April 1 to December 31, 2022. Eagle Re is a newly formed Bermuda special purpose insurer and is not a subsidiary or affiliate of Radian Guaranty. Eagle Re has funded its reinsurance obligations by issuing four classes of mortgage insurance-linked notes (ILNs) with a 10-year maturity and 5-year call option to eligible third-party capital markets investors in an unr

Radian Group Inc. (NYSE:RDN) today announced that its wholly owned subsidiary, Radian Guaranty Inc. has obtained $484 million of fully collateralized excess of loss reinsurance coverage from Eagle Re 2021-2 Ltd. (Eagle Re). The excess of loss reinsurance covers eligible mortgage insurance policies written by Radian Guaranty predominantly from January 1, 2021 through and including July 31, 2021. Eagle Re is a newly formed Bermuda special purpose insurer and is not a subsidiary or affiliate of Radian Guaranty. Eagle Re has funded its reinsurance obligations by issuing five classes of mortgage insurance-linked notes (ILNs) with a 12.5-year maturity and 7-year call option to eligible third-par

Radian Director Howard B. Culang Will Succeed Wender in May 2022 Radian Group Inc. (NYSE:RDN) today announced that Herbert Wender intends to retire as Non-Executive Chairman of the company's Board of Directors following completion of his current term at Radian's Annual Meeting of Stockholders to be held in May 2022. His retirement follows a decades-long tenure during which he helped make Radian one of the most successful, dynamic and resilient companies in the mortgage and real estate industries. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210812005231/en/Herb Wender, Radian (Photo: Business Wire) Howard B. Culang will succee

Radian Group Inc. (NYSE:RDN) today announced that its wholly owned subsidiary, Radian Guaranty Inc., has obtained $498 million of fully collateralized excess of loss reinsurance coverage from Eagle Re 2021-1 Ltd. (Eagle Re). The excess of loss reinsurance covers eligible mortgage insurance policies written by Radian Guaranty in August 2020 through December 2020. Eagle Re is a newly formed Bermuda special purpose insurer and is not a subsidiary or affiliate of Radian Guaranty. Eagle Re has funded its reinsurance obligations by issuing six classes of mortgage insurance-linked notes (ILNs) with a 12.5-year maturity and 7-year call option to eligible third-party capital markets investors in an