Brief: PMI Group reports strategic investment by Blackstone

PMI

02/09/2015 21:27

Sept 2 (Reuters) - PMI Group Inc  PMIR.PK : 
 * Funds affiliated with Blackstone tactical opportunities have made a strategic 
   investment in the company 
 * Blackstone has agreed to provide the company with a loan for working capital 
   needs in exchange for warrants and certain other rights 
 * Says Blackstone will have the right to participate in future equity offerings 
   by the company 
 * Blackstone is expected to nominate a director to the board 
 
 * Source text for Eikon  ID:nBw8wfywZa  
 
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