Radian Increases Size and Prices Offering of Senior Notes

PHILADELPHIA--()--Radian Group Inc. (NYSE: RDN) announced today that it has priced its underwritten public offering of its senior unsecured notes due 2020 and increased the size of the offering from $300 million aggregate principal amount to $350 million aggregate principal amount (the “Offering”). Goldman, Sachs & Co., BofA Merrill Lynch and Deutsche Bank Securities are acting as book-running managers for the Offering. The Offering is expected to close on June 19, 2015, subject to customary closing conditions.

The notes will be the Company’s unsecured senior obligations. The notes will pay interest semi-annually on June 15 and December 15 at a rate of 5.250% per year, and will mature on June 15, 2020.

The Company may redeem the notes, in whole or in part, at its option at any time or from time to time prior to maturity at a redemption price equal to the greater of (i) 100% of the aggregate principal amount of the notes to be redeemed and (ii) the make-whole amount, which is the sum of the present values of the remaining scheduled payments of principal and interest in respect of the notes to be redeemed discounted at the Treasury Rate plus 50 basis points, plus, in each case, accrued and unpaid interest thereon to, but excluding, the redemption date.

The Company intends to use the net proceeds from the Offering, together with shares of its common stock, to purchase some of its outstanding 2017 Convertible Notes and thereafter, to repurchase some of the common stock the Company may issue in connection with such purchases, and otherwise for general corporate purposes.

The notes are being offered for sale pursuant to a prospectus and related prospectus supplement that constitute a part of the Company’s shelf registration statement filed with the Securities and Exchange Commission (the “SEC”) on Form S-3 on May 6, 2014. Before making an investment, potential investors should first read the prospectus supplement and accompanying prospectus, the registration statement and the other documents that the Company filed or will file with the Securities and Exchange Commission in connection with the Offering. A copy of the prospectus supplement and the accompanying base prospectus for the Offering has been filed with the SEC and is available for free on the SEC’s website: http://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, from BofA Merrill Lynch, 222 Broadway, New York, NY 10080, Attn: Prospectus Department or email dg.prospectus_requests@baml.com and from Deutsche Bank Securities, Attn: Prospectus Department, 100 Plaza One, Jersey City, New Jersey 07311, (Tel): 1-800-503-4611, prospectusrequest@list.db.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 may be made only by means of a prospectus supplement and accompanying base prospectus.

ABOUT RADIAN

Radian Group Inc. (NYSE: RDN), 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-downpayment mortgages in the secondary market.

Contacts

Radian Group Inc.
Emily Riley, 215-231-1035
emily.riley@radian.biz

Contacts

Radian Group Inc.
Emily Riley, 215-231-1035
emily.riley@radian.biz