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Nationstar Mortgage LLC and Nationstar Capital Corporation, both indirectly
held, wholly-owned subsidiaries of Nationstar Mortgage Holdings Inc.
NSM (together, the “Company”), a leading residential mortgage loan servicer,
today announced the pricing of $300,000,000 aggregate principal amount of
7.875% Senior Notes due 2020 (the “Notes”). The Notes will be issued in a
private placement at an offering price of 100% 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 24, 2012, subject to customary
closing conditions. The 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 Nationstar Mortgage LLC'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.
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