Market Overview

Home Loan Servicing Solutions Prices 25.3M Share Offering at $19.00/Share


Home Loan Servicing Solutions (NASDAQ: HLSS) announced today that it has priced a public offering of 25,300,000 of its ordinary shares at a public offering price of $19.00 per share for total gross proceeds of approximately $480,700,000.00. HLSS intends to use the net proceeds of the offering to purchase the right to receive servicing and other related fees, associated servicing advances and other related assets from Ocwen Loan Servicing, LLC, and to the extent there are any remaining proceeds, for general corporate purposes. The offering is subject to customary closing conditions and is expected to close on December 24, 2012.

Wells Fargo Securities, LLC, Barclays Capital Inc., BofA Merrill Lynch and Citigroup Global Markets Inc. are acting as the joint book-running managers for the offering.

The offering of the securities will be made only by means of a prospectus, copies of which may be obtained from Wells Fargo Securities, LLC, via telephone: (800) 326-5897, email:, or standard mail at Wells Fargo Securities, 375 Park Avenue, 4th Floor, New York, NY 10152, Attn: Equity Syndicate; from Barclays Capital Inc., via telephone: (888) 603-5847, email:, or standard mail at Barclays Capital Inc., c/o

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Posted-In: News Guidance Offerings Asset Sales Management Global


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