2009-09-15housingwire.com

Mortgage insurer MGIC Investment Corp. (MTG: 9.445 +4.25%) is delaying for a decade an upcoming interest payment to certain noteholders.

The company said in a Securities and Exchange Commission filing Monday it will defer an interest payment originally due October 1. MGIC will delay the payment for 10 years — until Oct. 1, 2019 — on its 9% convertible junior subordinated debentures due 2063.



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