Nationstar Mortgage Says Issuers Will Pay $30 Fee for Each $1000
Nationstar Mortgage Holdings (NYSE: NSM) a leading residential mortgage loan servicer, announced today that its wholly-owned subsidiaries Nationstar Mortgage LLC and Nationstar Capital Corporation (together, the “Issuers”) are soliciting consents to certain proposed amendments to the indenture dated as of March 26, 2010, as further supplemented and amended (as so supplemented, the “Indenture”) governing the Issuers' 10.875% Senior Notes due 2015, CUSIP 63860U AB6 (the “Notes”), pursuant to a Consent Solicitation Statement dated as of August 24, 2012 (the “Consent Solicitation Statement”). As more fully described in the Consent Solicitation Statement, the proposed amendments would conform the Indenture's covenants to those covenants contained in the indenture governing the Issuers' 9.625% Senior Notes due 2019. The proposed amendments will provide the Issuers with additional flexibility to raise additional debt financing and enter into other transactions.
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