Radian to repurchase some 2017 convertibles via senior note proceeds

By Tali Rackner

Norfolk, Va., June 15 – Radian Group Inc. plans to purchase some of its outstanding 2017 convertible notes with the proceeds from a new senior unsecured note offering, according to a press release.

Proceeds will also be used to repurchase some of the common stock the company may issue in connection with such purchases, and for general corporate purposes.

Radian is a Philadelphia-based mortgage insurance company.

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