<SEC-DOCUMENT>0001157523-16-007409.txt : 20161118
<SEC-HEADER>0001157523-16-007409.hdr.sgml : 20161118
<ACCEPTANCE-DATETIME>20161118080023
ACCESSION NUMBER:		0001157523-16-007409
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20161118
ITEM INFORMATION:		Other Events
FILED AS OF DATE:		20161118
DATE AS OF CHANGE:		20161118

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:		162006493

	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>a51463226.htm
<DESCRIPTION>RADIAN GROUP INC. 8-K
<TEXT>
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      <font style="font-size: 18pt; font-family: Times New Roman"><b>UNITED
      STATES</b></font><b><font style="font-size: 18pt; font-family: Times New Roman"><br style="font-size: 18pt; font-family: Times New Roman"></font><font style="font-size: 18pt; font-family: Times New Roman">SECURITIES
      AND EXCHANGE COMMISSION</font></b><br><font style="font-size: 12pt; font-family: Times New Roman"><b>WASHINGTON,
      DC 20549</b></font><br>
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    <p style="text-align: center">
      <font style="font-size: 18pt; font-family: Times New Roman"><b>FORM 8-K</b></font>
    </p>
    <hr style="color: #000000; text-align: center; height: 1.0 pt; width: 100%">


    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>CURRENT
      REPORT</b></font><br><br><font style="font-size: 12pt; font-family: Times New Roman"><b>Pursuant
      to Section 13 or 15(d) of</b></font><br><font style="font-size: 12pt; font-family: Times New Roman"><b>The
      Securities Exchange Act of 1934</b></font><br><br><font style="font-size: 10pt; font-family: Times New Roman"><b>Date
      of report (Date of earliest event reported) </b></font><b><u><font style="font-size: 10pt; font-family: Times New Roman">November
      18, 2016</font></u></b><font style="font-size: 10pt; font-family: Times New Roman"><br style="font-size: 10pt; font-family: Times New Roman"></font>
    </p>
    <hr style="color: #000000; text-align: center; height: 1.0 pt; width: 100%">


    <p style="text-align: center">
      <font style="font-size: 17pt"><b>Radian Group Inc.</b></font><br><font style="font-size: 10pt; font-family: Times New Roman"><b>(Exact
      Name of Registrant as Specified in Its Charter)</b></font><br>
    </p>
    <hr style="color: #000000; text-align: center; height: 1.0 pt; width: 100%">


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            <b>Delaware</b>
          </p>
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          <p style="margin-top: 0px; margin-bottom: 0px">
            <font style="font-size: 10pt; font-family: Times New Roman"><b>1-11356</b></font>
          </p>
        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: center; padding-left: 0.0px; white-space: nowrap; width: 33%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <font style="font-size: 10pt; font-family: Times New Roman"><b>23-2691170</b></font>
          </p>
        </td>
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            <b>(State or Other Jurisdiction<br>of Incorporation)</b>
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          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>(Commission<br>File Number)</b>
          </p>
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          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>(IRS Employer<br>Identification No.)</b>
          </p>
        </td>
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          <p style="margin-top: 0px; margin-bottom: 0px">
            <font style="font-size: 10pt; font-family: Times New Roman"><b>1601
            Market Street, Philadelphia, Pennsylvania</b></font>
          </p>
        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: center; padding-left: 0.0px; white-space: nowrap; width: 40%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <font style="font-size: 10pt; font-family: Times New Roman"><b>19103</b></font>
          </p>
        </td>
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          <p style="margin-top: 0px; margin-bottom: 0px">
            <font style="font-size: 10pt; font-family: Times New Roman"><b>(Address
            of Principal Executive Offices)</b></font>
          </p>
        </td>
        <td valign="bottom" style="text-align: center; padding-left: 0.0px; width: 40%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <font style="font-size: 10pt; font-family: Times New Roman"><b>(Zip
            Code)</b></font>
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    <p style="text-align: center">
      <br>
      <b>(215) 231 - 1000<font style="font-size: 10pt; font-family: Times New Roman"><br style="font-size: 10pt; font-family: Times New Roman"></font><font style="font-size: 10pt; font-family: Times New Roman">(Registrant&#8217;s
      Telephone Number, Including Area Code)</font><br><br><br><font style="font-size: 10pt; font-family: Times New Roman">(Former
      Name or Former Address, if Changed Since Last Report)</font><br></b><br>
    </p>
    <hr style="color: #000000; text-align: center; height: 1.0 pt; width: 100%">


    <p>

    </p>
    <p>
      <font style="font-size: 10pt; font-family: Times New Roman">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-size: 10pt; font-family: Times New Roman">:</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">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-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))</font>
    </p>
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    <p>

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    <p style="white-space: nowrap">
      <b>Item 8.01.&#160;&#160;&#160;&#160;&#160;<u>Other Events</u>.</b>
    </p>
    <p style="text-indent: 30.0px; font-size: 10pt">
      Radian Group Inc. (the &#8220;Company&#8221;) is providing certain terms for the
      potential future redemption of its 2.25% Convertible Senior Notes due
      2019 (the &#8220;Notes&#8221;).
    </p>
    <p style="text-indent: 30.0px; font-size: 10pt">
      The Company currently has outstanding $68.0 million principal amount of
      the Notes.&#160;&#160;Under the indenture governing the Notes, the Company has the
      option to redeem all or part of the Notes as long as the daily closing
      sale price per share of its common stock is at least 130 percent of the
      then-current conversion price (currently this threshold is $13.78) for
      at least 20 out of the immediately preceding 30 consecutive trading days
      before the delivery of a redemption notice (the &#8220;Redemption Trigger&#8221;).
      If the Company elects to redeem the Notes, the Company currently intends
      to settle in cash any conversions of the Notes occurring between the
      date of the redemption notice and the redemption date, as well as any
      Notes redeemed on the redemption date.
    </p>
    <p style="text-indent: 30.0px; font-size: 10pt">
      The Company is providing this information as contemplated in its Annual
      Report on Form 10-K for the year ended December 31, 2015 (the &#8220;2015 Form
      10-K&#8221;).&#160;&#160;The Company is not making any assurances that the Redemption
      Trigger will be satisfied or that it will redeem the Notes.&#160;&#160;The Company
      may subsequently elect to use an alternate settlement method in
      accordance with the terms of the indenture governing the
      Notes.&#160;&#160;However, in that event, the Company will announce the new
      settlement method as contemplated in its 2015 Form 10-K.
    </p>
    <p style="text-align: center">
      FORWARD-LOOKING STATEMENTS
    </p>
    <p style="text-indent: 30.0px; text-align: left">
      Some of the statements in this Current Report on Form 8-K may constitute
      &#8220;forward-looking statements&#8221; within the meaning of Section 27A of the
      Securities Act of 1933, Section 21E of the Securities&#160;&#160;Exchange Act of
      1934 and the United States Private Securities Litigation Reform Act of
      1995. These statements are made on the basis of management's current
      views and assumptions with respect to future events. Any forward-looking
      statement is not a guarantee of future performance and actual results
      could differ materially from those contained in the forward-looking
      statement. These statements speak only as of the date they were made,
      and we undertake no obligation to update or revise any forward-looking
      statements, whether as a result of new information, future events or
      otherwise. We operate in a changing environment. New risks emerge from
      time to time and it is not possible for us to predict all risks that may
      affect us. The forward-looking statements, as well as our prospects as a
      whole, are subject to risks and uncertainties that could cause actual
      results to differ materially from those set forth in the forward-looking
      statements.&#160;&#160;For more information regarding these risks and
      uncertainties as well as certain additional risks that we face, you
      should refer to the Risk Factors detailed in Item 1A of Part I of our
      Annual Report on Form 10-K for the year ended December 31, 2015 and
      subsequent reports and registration statements filed from time to time
      with the Securities and Exchange Commission.
    </p>
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    </p>
    <p style="text-align: center">
      <font style="font-size: 10pt; font-family: Times New Roman"><b>SIGNATURES</b></font>
    </p>
    <p style="text-indent: 30.0px; font-size: 10pt">
      <font style="font-size: 10pt; font-family: Times New Roman">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="text-indent: 30.0px; font-size: 10pt">
      <br>

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        </td>
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          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><b>RADIAN GROUP INC.</b></u>
          </p>
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          (Registrant)
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          &#160;
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          Date:
        </td>
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          November 18, 2016
        </td>
        <td valign="top" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px; width: 4%">
          By:
        </td>
        <td valign="top" style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; text-align: left; padding-left: 0.0px; width: 41%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            /s/ Edward J. Hoffman
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        <td style="width: 49%">

        </td>
        <td style="width: 4%">

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          <p style="margin-top: 0px; margin-bottom: 0px">
            Edward J. Hoffman
          </p>
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        <td style="width: 4%">

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          <p style="margin-top: 0px; margin-bottom: 0px">
            Executive Vice President and General Counsel
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