PMI Group files $850 million shelf registration

By Devika Patel

Knoxville, Tenn., Jan. 27 - PMI Group Inc. filed an $850 million shelf registration in an S-3 filing with the Securities and Exchange Commission.

The registration covers debt securities, preferred stock, depositary shares, common stock, warrants, stock purchase contracts and units.

The securities may be structured as convertibles.

Proceeds will be used for general corporate purposes.

PMI Group is a Walnut Creek, Calif.-based provider of credit enhancement products.

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