FOR IMMEDIATE RELEASE
Lewisville, TX (September 25, 2012) - Nationstar Mortgage
Holdings Inc. (NYSE:NSM), a leading residential mortgage loan
servicer, today announced the pricing of $100,000,000
aggregate principal amount of 7.875% Senior Notes due 2020
(the "Additional Notes") offered by its wholly-owned
subsidiaries Nationstar Mortgage LLC (the "Company") and
Nationstar Capital Corporation (together with the Company,
the "Issuers"). The Additional Notes are a follow-on issue to
the Issuers' $300,000,000 aggregate principal amount of
7.875% Senior Notes due 2020 issued on September 24, 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
100.75%, have an effective yield of 7.716% and carry a coupon
of 7.875% per annum, payable semi-annually in arrears,
beginning April 1, 2013. The offering is expected to close on
September 28, 2012, subject to customary closing conditions.
The Additional Notes will be unsecured and will be guaranteed
on a senior basis by Nationstar Mortgage Holdings Inc.,
Nationstar Sub1 LLC, Nationstar Sub2 LLC and certain of the
Company's wholly-owned subsidiaries.
The Issuers 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 $193 billion in unpaid principal balance. In addition, the Company operates an integrated loan origination platform, enabling the Company to mitigate 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 Issuers' current expectations or
forecasts of future events. Forward-looking statements
involve known and unknown risks, uncertainties and other
factors that may cause the Issuers' 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 the Company's Annual Report on Form 10-K for the
year ended December 31, 2011, Nationstar Mortgage Holdings
Inc.'s Quarterly Report on Form 10-Q for the quarter ended
June 30, 2012 and other required reports, as filed with the
Securities and Exchange Commission (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 Issuers undertake 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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