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Radian Group to price $200 million five-year bullet notes on Wednesday
By Paul A. Harris
Portland, Ore., May 6 - Radian Group Inc. plans to price a $200 million offering of non-callable five-year notes on Wednesday, according to a market source.
Goldman Sachs & Co. is the bookrunner for the public offer.
The Philadelphia-based mortgage insurance company plans to use the proceeds to fund the acquisition of Clayton Holdings and to fund the early redemption of Radian's 5 3/8% senior notes due June 2015.
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