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Radian Group Inc (RDN.N)

RDN.N on New York Stock Exchange

23.19USD
19 Jan 2018
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$0.30 (+1.31%)
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Latest Key Developments (Source: Significant Developments)

RADIAN SELLS CLAYTON EURORISK AND EXITS SERVICES OPERATIONS IN EUROPE
Wednesday, 22 Nov 2017 

Nov 22 (Reuters) - Radian Group Inc ::RADIAN PROVIDES UPDATE ON RESTRUCTURING OF SERVICES BUSINESS.RADIAN GROUP INC - ‍COMPANY SELLS CLAYTON EURORISK AND EXITS SERVICES OPERATIONS IN EUROPE​.RADIAN GROUP INC - ‍RADIAN NO LONGER OFFERS PRODUCTS AND SERVICES FOR ITS MORTGAGE AND REAL ESTATE SERVICES BUSINESS IN EUROPE​.  Full Article

Radian enters into three-year, $225 mln unsecured revolving credit facility​
Wednesday, 18 Oct 2017 

Oct 18 (Reuters) - Radian Group Inc ::Radian improves financial flexibility, strengthens capital structure and provides update on restructuring of services business.Radian Group Inc - ‍on October 16, 2017, Radian entered into a three-year, $225 million unsecured revolving credit facility​.Radian Group Inc - ‍terms of credit facility include an option to increase capacity during term of agreement, up to a total of $300 million​.Radian Group - ‍committed to a estructuring plan for services segment and expects to incur pretax charges of approximately $12 million in Q3​.Radian Group Inc - ‍as part of restructuring plan, Radian has eliminated position of president of services business​.Radian - ‍additional pretax charges of about $8 million are expected to be recognized related to restructuring of services segment​ within next 12 months.  Full Article

Radian announces redemption price for 9.000% senior notes due 2017
Thursday, 11 Aug 2016 

Radian Group Inc : Redemption price for notes will be 106.668 percent of principal amount of notes outstanding, plus accrued interest .Radian announces redemption price for 9.000% senior notes due 2017.  Full Article

Radian Group enhances liquidity position
Wednesday, 6 Jul 2016 

Radian Group Inc : Radian enhances liquidity position and accelerates capital plan . Enhances holding company liquidity by redeeming $325 million surplus note . On June 30, Radian Guaranty Inc., its mortgage insurance subsidiary, redeemed its $325 million surplus note due to Radian Group . Board authorizes $125 million share repurchase program and early redemption of $196 million of senior notes . Company plans to utilize a portion of its liquidity in order to accelerate its capital plan . Radian remains in compliance with Pmiers .As of June 30, 2016, estimates Radian Guaranty's available assets exceed minimum required assets by about $150 - 200 million.  Full Article

Radian Group CEO Ibrahim to retire in December 2017
Tuesday, 17 May 2016 

Radian Group : Committee has employed assistance of spencer stuart, and will take into consideration internal as well as external candidates . Radian group inc says board has appointed a special committee to commence a search for his successor .Radian ceo s.a. Ibrahim to retire in december 2017.  Full Article

Radian Group increases size and prices senior notes offering
Tuesday, 15 Mar 2016 

Radian Group Inc:Priced its underwritten public offering of senior unsecured notes due 2021.Increased the size of the offering from $325 million aggregate principal amount to $350 million aggregate principal amount.Deutsche Bank Securities, BofA Merrill Lynch, Goldman, Sachs & Co. and Morgan Stanley & Co. LLC are acting as book-running managers for the Offering.Offering is expected to close on March 18, 2016, subject to customary closing conditions.Intends to use the net proceeds to purchase 2019 Convertible Notes and otherwise for working capital and other general corporate purposes.  Full Article

Radian Group Inc announces offering of senior notes
Monday, 14 Mar 2016 

Radian Group Inc:Has commenced an underwritten public offering of $325 million aggregate principal amount of its senior unsecured notes due 2021.Intends to use the net proceeds from the Offering, together with shares of its common stock, to purchase 2019 Convertible Notes and otherwise for working capital and other general corporate purposes.  Full Article

Radian Group Inc declares regular quarterly dividend on common stock
Wednesday, 10 Feb 2016 

Radian Group Inc:Approved a regular quarterly dividend on its common stock in the amount of $0.0025 per share.Payable on March 7 to stockholders of record date as of February 22.  Full Article

BRIEF-Radian Sets Q4 2017 Conference Call For Feb 1

* RADIAN PROVIDES UPDATE ON CAPITAL ACTIONS, COMMENTS ON PROPOSED CHANGES TO PMIERS AND SETS FOURTH QUARTER 2017 CONFERENCE CALL FOR FEBRUARY 1, 2018