<SEC-DOCUMENT>0001157523-16-006077.txt : 20160713
<SEC-HEADER>0001157523-16-006077.hdr.sgml : 20160713
<ACCEPTANCE-DATETIME>20160713163101
ACCESSION NUMBER:		0001157523-16-006077
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20160713
ITEM INFORMATION:		Other Events
FILED AS OF DATE:		20160713
DATE AS OF CHANGE:		20160713

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			RADIAN GROUP INC
		CENTRAL INDEX KEY:			0000890926
		STANDARD INDUSTRIAL CLASSIFICATION:	SURETY INSURANCE [6351]
		IRS NUMBER:				232691170
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-11356
		FILM NUMBER:		161765878

	BUSINESS ADDRESS:	
		STREET 1:		1601 MARKET STREET
		STREET 2:		12TH FLOOR
		CITY:			PHILADELPHIA
		STATE:			PA
		ZIP:			19103
		BUSINESS PHONE:		2155646600

	MAIL ADDRESS:	
		STREET 1:		1601 MARKET ST
		STREET 2:		12TH FLOOR
		CITY:			PHILADELPHIA
		STATE:			PA
		ZIP:			19103

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CMAC INVESTMENT CORP
		DATE OF NAME CHANGE:	19960126
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a51380794.htm
<DESCRIPTION>RADIAN GROUP INC. 8-K
<TEXT>
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      <font style="font-family: Times New Roman; font-size: 18pt"><b>UNITED
      STATES</b></font><b><font style="font-family: Times New Roman; font-size: 18pt"><br style="font-size: 18pt; font-family: Times New Roman"></font><font style="font-family: Times New Roman; font-size: 18pt">SECURITIES
      AND EXCHANGE COMMISSION</font></b><br><font style="font-family: Times New Roman; font-size: 12pt"><b>WASHINGTON,
      DC 20549</b></font><br>
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      <font style="font-family: Times New Roman; font-size: 18pt"><b>FORM 8-K</b></font>
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    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 12pt"><b>CURRENT
      REPORT</b></font><br><br><font style="font-family: Times New Roman; font-size: 12pt"><b>Pursuant
      to Section 13 or 15(d) of</b></font><br><font style="font-family: Times New Roman; font-size: 12pt"><b>The
      Securities Exchange Act of 1934</b></font><br><br><font style="font-family: Times New Roman; font-size: 10pt"><b>Date
      of report (Date of earliest event reported) </b></font><b><u><font style="font-family: Times New Roman; font-size: 10pt">July
      13, 2016</font></u></b><font style="font-family: Times New Roman; font-size: 10pt"><br style="font-size: 10pt; font-family: Times New Roman"></font>
    </p>
    <hr style="height: 1.0 pt; text-align: center; width: 100%; color: #000000">


    <p style="text-align: center">
      <font style="font-size: 17pt"><b>Radian Group Inc.</b></font><br><font style="font-family: Times New Roman; font-size: 10pt"><b>(Exact
      Name of Registrant as Specified in Its Charter)</b></font><br>
    </p>
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            <b>Delaware</b>
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          <p style="margin-top: 0px; margin-bottom: 0px">
            <font style="font-family: Times New Roman; font-size: 10pt"><b>1-11356</b></font>
          </p>
        </td>
        <td style="text-align: center; padding-right: 0.0px; white-space: nowrap; width: 33%; padding-left: 0.0px" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <font style="font-family: Times New Roman; font-size: 10pt"><b>23-2691170</b></font>
          </p>
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            <b>(State or Other Jurisdiction<br>of Incorporation)</b>
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            <b>(Commission<br>File Number)</b>
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          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>(IRS Employer<br>Identification No.)</b>
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          <p style="margin-top: 0px; margin-bottom: 0px">
            <font style="font-family: Times New Roman; font-size: 10pt"><b>1601
            Market Street, Philadelphia, Pennsylvania</b></font>
          </p>
        </td>
        <td style="text-align: center; padding-right: 0.0px; white-space: nowrap; width: 40%; padding-left: 0.0px" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <font style="font-family: Times New Roman; font-size: 10pt"><b>19103</b></font>
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          <p style="margin-top: 0px; margin-bottom: 0px">
            <font style="font-family: Times New Roman; font-size: 10pt"><b>(Address
            of Principal Executive Offices)</b></font>
          </p>
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        <td style="text-align: center; width: 40%; padding-left: 0.0px" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <font style="font-family: Times New Roman; font-size: 10pt"><b>(Zip
            Code)</b></font>
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    <p style="text-align: center">
      <b><br>
      (215) 231 - 1000<font style="font-family: Times New Roman; font-size: 10pt"><br style="font-size: 10pt; font-family: Times New Roman"></font><font style="font-family: Times New Roman; font-size: 10pt">(Registrant&#8217;s
      Telephone Number, Including Area Code)</font><br><br><br><font style="font-family: Times New Roman; font-size: 10pt">(Former
      Name or Former Address, if Changed Since Last Report)</font></b><br><br>
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    <p>

    </p>
    <p>
      <font style="font-family: Times New Roman; font-size: 10pt">Check the
      appropriate box below if the Form 8-K filing is intended to
      simultaneously satisfy the filing obligation of the registrant under any
      of the following provisions </font>&#160;(<i>see </i>General Instruction
      A.2. below)<font style="font-family: Times New Roman; font-size: 10pt">:</font>
    </p>
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      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))</font>
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    <p>
      <b>Item 8.01. Other Events</b>
    </p>
    <p>
      <b>Notice of Redemption to the Holders of the Radian Group Inc. 9.000%
      Senior Notes due 2017</b>
    </p>
    <p style="font-size: 10pt; text-indent: 30.0px">
      On July 13, 2016, Radian Group Inc. (the &#8220;Company&#8221;) delivered notices of
      redemption (the &#8220;Redemption Notices&#8221;) to all of the holders of its
      outstanding 9.000% Senior Notes due 2017 (the &#8220;Notes&#8221;), issued pursuant
      to that certain Senior Indenture, dated as of June 7, 2005, by and among
      the Company and U.S. Bank National Association, as successor trustee to
      Wells Fargo Bank, NA (the &#8220;Senior Indenture&#8221;), as supplemented by
      Officers&#8217; Certificates, dated as of February 28, 2013 and dated as of
      June 15, 2013 (together with the Senior Indenture, the
      &#8220;Indenture&#8221;).&#160;&#160;The Company will redeem the entire $195.5 million
      aggregate principal amount outstanding of the Notes.&#160;&#160;&#160;The redemption
      date will be August 12, 2016 (the &#8220;Redemption Date&#8221;).
    </p>
    <p style="font-size: 10pt; text-indent: 30.0px">
      Pursuant to the Indenture, the Notes will be redeemed at a redemption
      price (the &#8220;Redemption Price&#8221;) equal to the greater of: (i) 100% of the
      aggregate principal amount of the outstanding Notes; or (ii) the sum of
      the present value of the remaining scheduled payments of principal and
      interest on the outstanding Notes (not including any portion of such
      payments of interest accrued to the Redemption Date) discounted to the
      Redemption Date on a semi-annual basis (assuming a 360-day year
      consisting of twelve 30-day months) at the Adjusted Treasury Rate (as
      defined in the Indenture) plus 50 basis points, as calculated by an
      Independent Investment Banker (as defined in the Indenture), plus, in
      each case accrued and unpaid interest.&#160;&#160;The Adjusted Treasury Rate will
      be calculated on the second business day preceding the Redemption
      Date.&#160;&#160;The Company will publicly announce the Redemption Price as soon
      as reasonably practical after it is calculated.
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    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 10pt"><b>SIGNATURES</b></font>
    </p>
    <p style="font-size: 10pt; text-indent: 30.0px">
      <font style="font-family: Times New Roman; font-size: 10pt">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.</font>
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    <p style="font-size: 10pt; text-indent: 30.0px">
      <br>

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          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><b>RADIAN GROUP INC.</b></u>
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          (Registrant)
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          &#160;
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          Date:
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          July 13, 2016
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          By:
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            /s/ J. Franklin Hall
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          <p style="margin-top: 0px; margin-bottom: 0px">
            J. Franklin Hall
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