PHILADELPHIA--(BUSINESS WIRE)--Radian Group Inc. (NYSE: RDN) announced today that it has priced its public offering of senior unsecured notes due 2025 and increased the size of the Offering from $400 million aggregate principal amount to $525 million aggregate principal amount. The Offering is expected to close on May 15, 2020, subject to customary closing conditions.

The Notes will pay interest semi-annually on March 15 and September 15, beginning on September 15, 2020, at a rate of 6.625% per year, and will mature on March 15, 2025.

The Company intends to use the net proceeds from the Offering for general corporate purposes, which may include future contributions to its insurance subsidiaries.

About Radian

Radian is ensuring the American dream of homeownership responsibly and sustainably through products and services that include industry-leading mortgage insurance and a comprehensive suite of mortgage, risk, title and other real estate services. We are powered by technology, informed by data and driven to deliver new and better ways to transact and manage risk.