325,000,000 AGGREGATE PRINCIPAL AMOUNT MGIC INVESTMENT CORPORATION 9% CONVERTIBLE SUBORDINATED DEBENTURES DUE 2063 Purchase Agreement dated March 25, 2008Purchase Agreement • March 27th, 2008 • Mgic Investment Corp • Surety insurance • New York
MGIC Investment Corporation, a Wisconsin corporation (the “Company”), proposes to issue and sell to the several purchasers named in Schedule A (the “Initial Purchasers”) $325,000,000 in aggregate principal amount of its 9% Convertible Subordinated Debentures due 2063 (the “Firm Debentures”). In addition, the Company has granted to the Initial Purchasers an option to purchase up to an additional $65,000,000 in aggregate principal amount of its 9% Convertible Subordinated Debentures due 2063 (the “Optional Debentures” and, together with the Firm Debentures, the “Debentures”). Banc of America Securities LLC (“BAS”) has agreed to act as representative of the several Initial Purchasers (in such capacity, the “Representative”) in connection with the offering and sale of the Debentures. The terms Representatives and Initial Purchasers shall mean either the singular or plural as the context requires.
37,333,333 Shares MGIC INVESTMENT CORPORATION Common Stock UNDERWRITING AGREEMENT dated March 25, 2008 Banc of America Securities LLCUnderwriting Agreement • March 27th, 2008 • Mgic Investment Corp • Surety insurance • New York
MGIC INVESTMENT CORPORATION, a Wisconsin corporation (the “Company”), proposes to issue and sell to the several underwriters named in Schedule A (the “Underwriters”) an aggregate of 37,333,333 shares (the “Firm Shares”) of its common stock, par value $1.00 per share (the “Common Stock”). In addition, the Company has granted to the Underwriters an option to purchase up to an additional 5,600,000 shares (the “Optional Shares”) of Common Stock, as provided in Section 2. The Firm Shares and, if and to the extent such option is exercised, the Optional Shares are collectively called the “Shares.” Banc of America Securities LLC has agreed to act as representative of the several Underwriters (in such capacity, the “Representative”) in connection with the offering and sale of the Shares.
