Radian Group Completes $450 Million Senior Notes Offering

June 25, 2019

Willkie represented the underwriters, led by RBC Capital Markets, LLC and Goldman Sachs & Co. LLC.

On June 24, Radian Group Inc. completed its public offering of $450 million principal amount of 4.875% Senior Notes due 2027. Willkie represented the underwriters, led by RBC Capital Markets, LLC and Goldman Sachs & Co. LLC. Radian used the net proceeds from the offering to repurchase a portion of its outstanding 5.25% Senior Notes due 2020 and 7.00% Senior Notes due 2021 in tender offers which also closed on June 24, 2019. Willkie represented RBC Capital Markets, LLC as dealer-manager in the tender offers.

Radian is a diversified mortgage and real estate services business. Radian’s Mortgage Insurance segment provides credit-related insurance coverage, principally through private mortgage insurance on residential first-lien mortgage loans, as well as other credit risk management solutions, to mortgage lending institutions and mortgage credit investors. Radian’s Services segment is primarily a fee-for-service business that offers a broad array of mortgage, real estate and title services to market participants across the mortgage and real estate value chain.

The transactions were led by partners Alexander Dye and Benjamin Nixon, associates Anne Barrett and Marisa Weisbaum.