Home Loan
Servicing Solutions, Ltd. HLSS announced today the closing of its
previously announced underwritten public offering of ordinary shares. The
Company sold a total of 25,300,000 newly issued ordinary shares at a price to
the public of $19.00 per share. The Company received net proceeds of
approximately $462 million from the offering after deducting underwriting
discounts and commissions and estimated offering expenses. The Company intends
to use the net proceeds from 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.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in