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Mortgage Insurer’s Stock Rises on Amended Agreement 

Jun 01, 2009By

Stock of mortgage insurer PMI Group [stock PMI][/stock] spiked more than 33% at one point in early trading today on the heels of some positive news out of the company. PMI met the conditions necessary to reach an amended and restated credit agreement that reduces the size of the credit facility to $125m and eliminates certain financial covenants and events of default previously contained in the facility.

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