Radian Announces Completion of Concurrent Common Stock and Senior Notes Offerings

PHILADELPHIA--(BUSINESS WIRE)--

Radian Group Inc. RDN announced today that it has completed its previously announced concurrent public offerings of 17.825 million shares of common stock and $300 million principal amount of 5.500% Senior Notes due 2019. The Company received aggregate net proceeds, after underwriting discounts and commissions and estimated offering expenses, of approximately $247.1 million from the common stock offering and $294.0 million from the Senior Notes offering. Goldman, Sachs & Co. acted as book-running manager for the offerings, and J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Keefe, Bruyette & Woods, Inc., and Macquarie Capital (USA) Inc. acted as co-managers for the common stock offering.

The offerings were conducted pursuant to an effective registration statement (including a base prospectus) under the Securities Act of 1933, as amended. Copies of the prospectus supplements and the accompanying prospectuses for the offerings have been filed with the SEC and are 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 offerings were 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.