Radian Group Inc. Reports New Financial Obligation

TL;DR

Radian Group Inc. just took on a new debt, filing an 8-K to report it.

AI Summary

On March 4, 2024, Radian Group Inc. filed an 8-K report detailing a new direct financial obligation. The filing indicates the creation of a financial obligation, though specific details regarding the nature, amount, or counterparty of this obligation are not provided in the excerpt.

Why It Matters

This filing signals a new financial commitment for Radian Group Inc., which could impact its financial structure and future obligations.

Risk Assessment

Risk Level: medium — The creation of a new financial obligation, without immediate disclosure of its terms, introduces uncertainty and potential risk.

Key Players & Entities

• Radian Group Inc. (company) — Registrant
• March 4, 2024 (date) — Date of earliest event reported
• Delaware (jurisdiction) — State of Incorporation
• 001-11356 (identifier) — Commission File Number
• 23-2691170 (identifier) — IRS Employer Identification No.
• 550 East Swedesford Road, Suite 350 Wayne, Pennsylvania, 19087 (address) — Principal Executive Offices
• (215) 231-1000 (phone_number) — Registrant's Telephone Number

FAQ

Key Financial Figures

• $0.001 — nge on which registered Common Stock, $0.001 par value per share RDN New York St
• $625 million — nounced underwritten public offering of $625 million principal amount of 6.200% Senior Notes
• $616.8 million — d offering expenses, were approximately $616.8 million. The Company intends to use a portion o
• $525 million — es in the aggregate principal amount of $525 million. Also on March 4, 2024, the Trustee iss

Filing Documents

• d766981d8k.htm (8-K) — 39KB
• d766981dex11.htm (EX-1.1) — 152KB
• d766981dex42.htm (EX-4.2) — 154KB
• d766981dex51.htm (EX-5.1) — 16KB
• d766981dex991.htm (EX-99.1) — 4KB
• g766981dsp_39a.jpg (GRAPHIC) — 8KB
• 0001193125-24-057914.txt ( ) — 581KB
• rdn-20240304.xsd (EX-101.SCH) — 3KB
• rdn-20240304_lab.xml (EX-101.LAB) — 18KB
• rdn-20240304_pre.xml (EX-101.PRE) — 11KB
• d766981d8k_htm.xml (XML) — 4KB

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 1.1 Underwriting Agreement dated as of February 28, 2024 by and among the Company, RBC Capital Markets, LLC, and Goldman Sachs & Co. LLC, as representatives of the several underwriters named in Schedule A thereto for the purchase and sale of 6.200% Senior Notes due 2029 4.1 Senior Indenture dated as of March 4, 2013 between the Company and the Trustee (incorporated by reference to the Company's Current Report on Form 8-K (file no. 1-11356) dated February 27, 2013 and filed on March 4, 2013) 4.2 Eighth Supplemental Indenture dated as of March 4, 2024 between the Company and the Trustee 4.3 Form of 6.200% Senior Notes due 2029 (included as Exhibit A to the Eighth Supplemental Indenture in Exhibit 4.2) 5.1 Opinion of Faegre Drinker Biddle & Reath LLP dated March 4, 2024 (6.200% Senior Notes due 2029 of the Company) 23.1 Consent of Faegre Drinker Biddle & Reath LLP (included in Exhibit 5.1) 99.1 Expenses of the Offering (as required by Item 14 of Part II of Form S-3) 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. RADIAN GROUP INC. (Registrant) Date: March 4, 2024 By: /s/ Sumita Pandit Sumita Pandit Senior Executive Vice President and Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR