Radian Group Inc. Files 8-K for Material Definitive Agreement
Ticker: RDN · Form: 8-K · Filed: Apr 29, 2024 · CIK: 890926
| Field | Detail |
|---|---|
| Company | Radian Group Inc (RDN) |
| Form Type | 8-K |
| Filed Date | Apr 29, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001, $150 million, $400 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, financial-obligation, 8-k
TL;DR
Radian Group Inc. just filed an 8-K for a new material definitive agreement - big financial move incoming.
AI Summary
On April 24, 2024, Radian Group Inc. entered into a material definitive agreement related to a financial obligation. The company, incorporated in Delaware with its principal executive offices in Wayne, Pennsylvania, filed this 8-K report to disclose this event.
Why It Matters
This filing indicates a significant financial event for Radian Group Inc., potentially impacting its financial obligations and future operations.
Risk Assessment
Risk Level: medium — Material definitive agreements can introduce new financial obligations or risks for a company.
Key Numbers
- 0001193125-24-122351 — Accession Number (Unique identifier for the filing)
- 001-11356 — SEC File Number (SEC's file number for the company)
- 23-2691170 — IRS Number (Company's IRS Employer Identification No.)
Key Players & Entities
- Radian Group Inc. (company) — Registrant
- April 24, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of Incorporation
- Wayne, Pennsylvania (location) — Address of Principal Executive Offices
- CMAC Investment Corp (company) — Former Company Name
FAQ
What type of material definitive agreement did Radian Group Inc. enter into?
The filing indicates the entry into a material definitive agreement and the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement, but the specific details of the agreement are not provided in this summary.
What is the significance of the 'Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement' item?
This item signifies that the company has undertaken a new financial commitment that will appear on or affect its balance sheet.
When was Radian Group Inc. incorporated and where are its principal executive offices located?
Radian Group Inc. was incorporated in Delaware and its principal executive offices are located at 550 East Swedesford Road, Suite 350, Wayne, Pennsylvania, 19087.
Has Radian Group Inc. had previous names?
Yes, Radian Group Inc. was formerly known as CMAC Investment Corp, with a date of name change on January 26, 1996.
What is the SIC code for Radian Group Inc. and what does it represent?
The Standard Industrial Classification (SIC) code for Radian Group Inc. is 6351, which corresponds to Surety Insurance.
Filing Stats: 758 words · 3 min read · ~3 pages · Grade level 10.9 · Accepted 2024-04-29 16:18:04
Key Financial Figures
- $0.001 — nge on which registered Common Stock, $0.001 par value per share RDN New York St
- $150 million — he mortgage loan purchase facility from $150 million to $400 million. The material terms of
- $400 million — purchase facility from $150 million to $400 million. The material terms of the MRA and Guar
Filing Documents
- d828161d8k.htm (8-K) — 27KB
- d828161dex101.htm (EX-10.1) — 580KB
- 0001193125-24-122351.txt ( ) — 871KB
- rdn-20240424.xsd (EX-101.SCH) — 3KB
- rdn-20240424_lab.xml (EX-101.LAB) — 18KB
- rdn-20240424_pre.xml (EX-101.PRE) — 11KB
- d828161d8k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. 10.1 Amendment No. 3 to Master Repurchase Agreement, dated as of April 24, 2024, between Radian Mortgage Capital LLC, Radian Group Inc. and Bank of Montreal including a fully conformed copy of the Amended MRA as Exhibit A. 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: April 29, 2024 By: /s/ Liane Browne Liane Browne Senior Vice President