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Prospect News home > News index > List of issuers M > Headlines for MGIC Investment Corp. > News item
Published on 8/1/2016 in the Prospect News Convertibles Daily and Prospect News High Yield Daily.

S&P rates MGIC Investment notes BB

S&P said it assigned its BB issue-level rating to MGIC Investment Corp.'s $350 million senior unsecured notes due 2023.

“We expect the company to use the proceeds from the senior unsecured notes to repurchase a portion of the outstanding convertible senior notes due in 2020 and opportunistically repurchase convertible senior notes due in 2063. At the same time, the company will also utilize holding company resources to pay its 2017 senior convertible notes upon maturity,” S&P said in a news release.


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