Radian plans to redeem $54.5 million 5 3/8% senior notes due 2015

By Susanna Moon

Chicago, May 6 - Radian Group Inc. plans to redeem its $54.5 million principal amount of 5 3/8% senior notes due June 15, 2015, according to a 424B5 filing with the Securities and Exchange Commission.

Funding for the redemption will come from the company's planned offering of $200 million senior notes due 2019.

Proceeds also will be used to fund the acquisition of Clayton Holdings.

Radian is a Philadelphia-based mortgage insurance company.

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