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Radian plans to price $325 million five-year notes on Tuesday
By Paul A. Harris
Portland, Ore., March 14 – Radian Group Inc. plans to price a $325 million offering of senior notes due 2021 on Tuesday, according to market source.
Deutsche Bank Securities, BofA Merrill Lynch, Goldman Sachs & Co. and Morgan Stanley & Co. LLC are the joint bookrunners for the public offering.
The Philadelphia-based provider of private mortgage insurance, risk management products and real estate services to financial institutions plans to use the proceeds, together with shares of its common stock, to purchase its 2019 convertible notes and for general corporate purposes, which may include repurchases of common stock and 2017 convertible notes.
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