Navigation Links
The PMI Group, Inc. Announces Pricing of Common Stock and Convertible Senior Notes Offerings
Date:4/27/2010

an initial conversion price of approximately $7.84 per share. Upon conversion PMI may deliver cash, shares of PMI common stock or a combination thereof, at its option. PMI may redeem the notes in whole or in part on or after April 15, 2015, if the last reported sale of PMI common stock exceeds 130% of the conversion price then in effect for 20 or more trading days in a period of 30 consecutive trading days ending on the trading day immediately prior to the date of the redemption notice.  The redemption price will be equal to the principal amount of the notes to be redeemed plus accrued but unpaid interest plus a specified "make-whole" premium.

The closing of each offering is contingent on the closing of the other, and each closing is subject to the satisfaction of customary closing conditions. PMI expects to close the transactions on or about April 30, 2010.

PMI intends to use $75 million of the aggregate net proceeds from these offerings to pay a portion of its outstanding indebtedness under its credit facility and to use approximately $45 million of the aggregate net proceeds from these offerings for working capital and general corporate purposes.  PMI expects to contribute the remaining net proceeds from these offerings to PMI Mortgage Insurance Co., PMI's principal operating subsidiary, with an amount equal to the gross proceeds from the convertible notes offering to be contributed in the form of a surplus note to be issued by PMI Mortgage Insurance Co. to PMI and the remaining amount to be contributed in the form of a contribution to capital.  PMI expects that PMI Mortgage Insurance Co. will use such amounts for working capital and general corporate purposes.

Credit Suisse Securities (

SOURCE The PMI Group, Inc.
Copyright©2010 PR Newswire.
All rights reserved

Page: 1 2 3 4

Related biology news :

1. Native Americans descended from a single ancestral group, DNA study confirms
2. Oil Refineries Announces Delay to Annual & Special General Meeting
3. SAFC(R) Announces $6.25 Million Expansion at Lenexa Center of Excellence
4. Cellcom Israel Ltd. Announces Dismissal of a Purported Class Action
5. Genetics Society of America announces award recipients at 51st Annual Drosophila Conference
6. Office of Naval Research announces 2010 Young Investigator Award recipients
7. NAS announces visual culture and evolution online symposium
8. Syngenta Crop Protection Canada announces seed treatment project with Innovotech
9. Amano USA Holdings, Inc. Announces the Acquisition of Accu-Time Systems Inc.
10. PNAS announces six 2009 Cozzarelli Prize recipients
11. PNAS announces 6 2009 Cozzarelli Prize recipients
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:8/21/2014)... SHELTON, Conn. , Aug. 21, 2014 ... on the growing mobile commerce market, announced today that ... purchase common stock to be issued in its proposed ... been approved for listing on The Nasdaq Capital Market, ... of the common stock and warrants, and will trade ...
(Date:8/21/2014)... A landmark study aimed at improving the food intake, ... long-term care homes is among three projects at the ... grants from the Canadian Institutes of Health Research (CIHR). ... Applied Health Sciences at Waterloo, and a Schlegel research ... two years to investigate why many Canadians living in ...
(Date:8/21/2014)... Wednesday, Oct. 18-22, 2014 , WHERE: , ... San Diego, CA 92101 , WHAT: , ... of the latest research in human genetics. Examples ... high-scoring abstracts on rare genetic variants in health ... treatment for sun sensitivity (Saturday, Oct. 18, 5:30-7:30 ...
Breaking Biology News(10 mins):Nxt-ID Approved for NASDAQ Capital Market Listing 2Nxt-ID Approved for NASDAQ Capital Market Listing 3Grants will fund landmark aging research at Waterloo 2American Society of Human Genetics 2014 Annual Meeting 2
... annual Network Science conference, an international event that brings together ... Network science is a new way of looking at ... lost cell function in medicine to preventing the failure of ... location for public facilities. "There are similarities in ...
... caused by the build-up of a protein called amyloid ... the destruction of nerve cells. Scientists had previously shown ... one another minimized brain lesions and protected nerve cells ... researchers in Germany and the USshows that an anti-inflammatory ...
... set of promising new anticancer agents could have unforeseen ... Washington University School of Medicine in St. Louis. The ... of hedgehog antagonists interfere with a biochemical process ... researchers showed that interfering with this biochemical process in ...
Cached Biology News:Certain anticancer agents could be harmful to patients with heart disease 2Certain anticancer agents could be harmful to patients with heart disease 3
(Date:8/21/2014)... August 21, 2014 His Majesty Willem-Alexander, ... , The Court of His Majesty Willem-Alexander, King of ... the Grand Opening of POET-DSM Advanced Biofuels’ Project LIBERTY ... 3. , The King will take part in the ... scheduled for 11 a.m.-12:20 p.m. and tour the plant. ...
(Date:8/21/2014)... BURLINGTON, Mass. , Aug. 21, 2014 /PRNewswire/ ... in Brazil and ... restrictions. The uptake of several newly approved agents, ... for this indication and the launch of emerging ... asthma markets. In particular, the emerging IL-5 inhibitors ...
(Date:8/21/2014)... -- China Cord Blood Corporation (NYSE: CO ) ... results for the first quarter of fiscal year 2015 ... the US.  The Company will host ... August 29, 2014 to discuss its financial performance and ... followed by a question and answer session.  Interested parties ...
(Date:8/21/2014)... August 21, 2014 Ontotext S4 ... by Ontotext . Now the same enterprise ... of structured and unstructured data is available to start-ups ... of enterprise technology. Organizations that do not have resources ... management can use S4 since there is no need ...
Breaking Biology Technology:His Majesty Willem-Alexander, King of the Netherlands, to Attend Project LIBERTY opening 2His Majesty Willem-Alexander, King of the Netherlands, to Attend Project LIBERTY opening 3Asthma Agents Currently Face a Suboptimal Coverage Environment in Brazil and Mexico, and as the Treatment Armamentarium Expands, Competitiveness Will Further Intensify 2Asthma Agents Currently Face a Suboptimal Coverage Environment in Brazil and Mexico, and as the Treatment Armamentarium Expands, Competitiveness Will Further Intensify 3China Cord Blood Corporation to Report First Quarter of Fiscal 2015 Financial Results 2Ontotext Releases Text Mining & Semantic Technology Running in the Cloud – Welcome to “S4? 2Ontotext Releases Text Mining & Semantic Technology Running in the Cloud – Welcome to “S4? 3Ontotext Releases Text Mining & Semantic Technology Running in the Cloud – Welcome to “S4? 4
... 11 PAREXEL International Corporation (Nasdaq: PRXL ) today ... Fiscal Year 2010 ended December 31, 2009, and for the ... Company,s updated financial guidance takes into account the projected impact ... for the amount and timing of a previously announced restructuring ...
... BOCA RATON, Fla., Jan. 11 Stem Cell Assurance, ... cell cosmetic and therapeutic procedures for individual clients, today ... its elite physician network. Stem Cell Assurance utilizes ... your body,s own regenerative cells to produce natural results, ...
... , ... Performagene™•LIVESTOCK Enables Easier, More Economical Genetic Testing to Facilitate Breed Improvements. Producers, breed ... and scalable collection device that will positively impact the industry’s ability to accelerate ... ...
Cached Biology Technology:PAREXEL Issues Updated Financial And Operational Information 2PAREXEL Issues Updated Financial And Operational Information 3PAREXEL Issues Updated Financial And Operational Information 4PAREXEL Issues Updated Financial And Operational Information 5Stem Cell Assurance Unveils Physician Network Offering Regenerative Cell Cosmetic and Reconstructive Applications 2Stem Cell Assurance Unveils Physician Network Offering Regenerative Cell Cosmetic and Reconstructive Applications 3DNA Genotek Launches New Sample Collection Product to Accelerate Livestock Genetic Testing 2DNA Genotek Launches New Sample Collection Product to Accelerate Livestock Genetic Testing 3DNA Genotek Launches New Sample Collection Product to Accelerate Livestock Genetic Testing 4
...
... essential for hunting and analyzing the ... as EST sequencing projects, microarrays, functional ... is developed for normalization of cDNA ... for directional cloning. While most normalization ...
Peptide-affinity Purified Polyclonal Antibody to ICEBERG Peptide with sequence EEDPQLASKMGLH, from C Terminus of the protein sequence according to NP_067546...
Purified anti-Fanconi anemia D2-Phosphorylated (Ser222)...
Biology Products: