New York (March 5th, 2013) - Radian Group Inc. (NYSE:RDN) announced that it has completed its previously announced concurrent public offerings of 39.1 million shares of common stock and $400 million principal amount of convertible senior notes due 2019.
The Company received aggregate net proceeds, after underwriting discounts and commissions and estimated offering expenses, of approximately $299.5 million from the Common Stock Offering and $389.8 million from the Convertible Notes Offering.
The Company intends to use the proceeds from the offerings to fund working capital requirements and for general corporate purposes, including additional capital support for its mortgage insurance business.
Radian Group Inc., through its subsidiaries, operates as a credit enhancement company in the United States.
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Groupon, Inc. (NASDAQ: GRPN) announced last week a leadership change in which Executive Chairman Eric Lefkofsky and Vice Chairman Ted Leonsis have been appointed to the newly created Office of the Chief Executive, effective immediately, replacing Andrew Mason.
“Groupon will continue to invest in growth, and we are confident that with our deep management team and market-leading position, the company is well positioned for the future,” said Leonsis.
The company’s guidance for first quarter and full year 2013 outlined in yesterday’s earnings announcement remains unchanged.
Groupon, Inc. operates as a local commerce marketplace that connects merchants to consumers by offering goods and services at a discount in North America and internationally.
Find out more on GRPN
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