FOR IMMEDIATE RELEASE
Contact: Marshall Murphy (469) 549-3005 Nationstar Announces Pricing of $100 Million of Senior Notes due 2019
Lewisville, TX (July 19, 2012) - Nationstar Mortgage LLC and
Nationstar Capital Corporation, both indirectly held, wholly
owned subsidiaries of Nationstar Mortgage Holdings Inc.
(NYSE: NSM) (together, the "Company"), a leading residential
mortgage loan servicer, today announced the pricing of
$100,000,000 aggregate principal amount of 9.625% Senior
Notes due 2019 (the "Additional Notes"). The Additional Notes
are a follow-on issue to the Company's $275,000,000 aggregate
principal amount of 9.625% Senior Notes due 2019 issued on
April 25, 2012 (the "Existing Notes") and form a single
series of debt securities with the Existing Notes. The
Additional Notes will be issued in a private placement at an
offering price of 105.500%, have an effective yield of 8.396%
and carry a coupon of 9.625% per annum, payable semi-annually
in arrears, beginning November 1, 2012. The offering is
expected to close on July 24, 2012, subject to customary
closing conditions. The Additional Notes will be unsecured
and will be guaranteed on a senior basis by certain of the
Company's wholly owned subsidiaries.
The Company will use the net proceeds from this offering for
general corporate purposes, which may include future
acquisitions and transfers of servicing portfolios,
including, but not limited to, the acquisition of certain
residential mortgage servicing assets from Residential
Capital, LLC, and/or related businesses from third parties,
including, but not limited to, from one or more affiliates of
the initial purchasers in this offering.
The Additional Notes and related guarantees have not been
registered under the Securities Act of
1933, as amended (the "Securities Act"), or any state
securities laws. Accordingly, the Additional Notes are being
offered and sold only to "qualified institutional buyers" (as
defined in Rule 144A under the Securities Act) and outside
the United States to non-U.S. persons in offshore
transactions in accordance with Regulation S under the
Securities Act. Therefore, the Additional Notes will be
subject to restrictions on transferability and resale, and
may not be transferred or resold absent an effective
registration statement or an applicable exemption from such
registration requirements of the Securities Act.
This press release does not constitute an offer to sell or
solicitation of an offer to purchase with respect to the
Additional Notes or other securities, nor shall there be any
sale of the Additional Notes in any state or jurisdiction in
which such offer, solicitation or purchase would be unlawful
prior to the registration or qualification under the
securities laws of any such jurisdiction.
Based in Lewisville, Texas, the Company currently services over one million residential mortgages totaling in excess of $180 billion in unpaid principal balance. In addition, the Company operates an integrated loan origination platform, enabling the Company to both mitigate its servicing portfolio run-off and improve credit performance for loan investors. The Company currently employs approximately 4,000 people, entirely based in the United States.
Forward Looking Statements
Any statements in this release that are not historical or
current facts are forward-looking statements. Forward-looking
statements convey the Company's current expectations or
forecasts of future events. Forward-looking statements
involve known and unknown risks, uncertainties and other
factors that may cause the Company's actual results,
performance or achievements to be materially different from
any future results, performances or achievements expressed or
implied by the forward-looking statements. Certain of these
risks and uncertainties are described in the "Risk Factors"
section of Nationstar Mortgage LLC's Annual Report on Form
10-K for the year ended December 31, 2011, Nationstar
Mortgage LLC's Quarterly Report on Form 10-Q for the quarter
ended March 31, 2012 and other required reports, as filed
with the SEC, which are available at the SEC's website at
http://www.sec.gov. In particular, there can be no assurance
that we will be able to consummate the acquisition of assets
from Residential Capital, LLC or any other acquisition.
Unless required by law, the Company undertakes no obligation
to publicly update or revise any forward-looking statements
to reflect circumstances or events after the date of this
press release.
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