MGIC Investment Corporation Announces Commencement of Senior Notes Offering
The Company also announced today by separate press release the commencement of a tender offer (the "Tender Offer") to purchase any and all of the Company's
The Company intends to use a portion of the net proceeds from the senior note offering to finance the Tender Offer. The Company also intends to use a portion of the net proceeds from the senior note offering to purchase a portion of the Company's 9.000% Convertible Junior Subordinated Debentures due 2063 (the "2063 Debentures"). To the extent the net proceeds from the senior note offering exceeds the amount used to repurchase the 2023 Senior Notes in the Tender Offer or repurchase the 2063 Debentures, the Company intends to use the net proceeds for general corporate purposes.
The Company has filed a registration statement (including a prospectus and related preliminary prospectus supplement for the senior notes offering) with the
This press release is not an offer to sell these securities and is not soliciting an offer to buy these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.
Cautionary Note Regarding Forward-Looking Statements
This press release may contain forward looking statements. Forward looking statements consist of statements which relate to matters other than historical fact, including matters that inherently refer to future events and involve certain important risks and uncertainties, any of which could cause our actual results to differ materially from those expressed in our forward-looking statements. More information about the risks, uncertainties and assumptions affecting the Company can be found in the risk factors included as Exhibit 99 to our Quarterly Report on Form 10-Q for the quarter ended
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Investor Contact: Michael J. Zimmerman, (414) 347-6596, firstname.lastname@example.org