Radian Announces Underwriters' Exercise of Option to Purchase Additional Common Stock

PHILADELPHIA--(BUSINESS WIRE)--

Radian Group Inc. RDN announced today that the underwriters of its recently announced public offering of common stock have exercised in full their option to purchase an additional 2,325,000 shares of common stock from Radian Group at the public offering price of $14.50 per share, less underwriting discounts and commissions. As a result, Radian Group expects to issue a total of 17,825,000 shares of common stock in the offering. Goldman, Sachs & Co. acted as book-running manager for the offering, and J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Keefe, Bruyette & Woods, Inc., and Macquarie Capital (USA) Inc. acted as co-managers.

The offering was conducted pursuant to an effective registration statement (including a base prospectus) under the Securities Act of 1933, as amended. A copy of the prospectus supplement and the accompanying prospectus for the offering has been filed with the SEC and is available for free on the SEC's website, www.sec.gov. Alternatively, copies may be obtained from Goldman, Sachs & Co., Attn: Prospectus Department, 200 West Street, New York, NY 10282, by calling (866) 471-2526 or by emailing prospectus-ny@ny.email.gs.com.

This press release is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any security of the Company, nor will there be any sale of any such security in any jurisdiction in which such offer, sale or solicitation would be unlawful. The offering is made only by means of a prospectus supplement and accompanying base prospectus.

About Radian

Radian Group Inc., headquartered in Philadelphia, provides private mortgage insurance and related risk mitigation products and services to mortgage lenders nationwide through its principal operating subsidiary, Radian Guaranty Inc. These services help promote and preserve homeownership opportunities for homebuyers, while protecting lenders from default-related losses on residential first mortgages and facilitating the sale of low-down payment mortgages in the secondary market.