WAYNE, Pa. - Radian Group Inc . (NYSE: NYSE:RDN), a provider of mortgage insurance and real estate services, has announced the redemption price for its 6.625% Senior Notes due in 2025.
The company stated the redemption price will be 100.396 percent of the outstanding principal amount, which totals $525 million. Including accrued and unpaid interest of $386,458.33, the aggregate redemption amount will be approximately $527.08 million.
Holders of the Notes will receive payment upon their presentation and surrender to U.S. Bank Trust Company, National Association, for cancellation on Monday. From that date, interest on the Notes will no longer accrue, and all rights associated with the Notes will cease, except for the right to receive the redemption price.
Radian's decision to redeem the Notes in full is part of the company's financial management strategy. The redemption will effectively terminate the Notes ahead of their due date in 2025, with the company fulfilling its obligations to note holders.
This financial move comes as Radian continues to focus on supporting sustainable homeownership in the United States. The company offers a range of services, including mortgage insurance and a comprehensive suite of mortgage, risk, title, valuation, asset management, and other real estate services.
Radian emphasizes technology, data, and innovative risk management solutions in its operations.
The information regarding the redemption price and the payment details is based on a press release statement from Radian Group Inc.
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