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Liberty Reverse parent Onity offers $500M in senior notes due in 2029

Housing Wire

and Liberty Reverse Mortgage , announced this week that it will offer $500 million in senior notes due in 2029. Two days later, Onity announced final details of the transaction that included a price revision to $500 million and an aggregate principal amount of senior notes at 9.875% due in 2029.

Investors 425
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Mr. Cooper to issue $750M in debt following M&A deal with Flagstar

Housing Wire

Pennymac also issued new debt last year that will mature in December 2029 and pay 7.875% annually. Meanwhile, Rithm Capital priced an offering of $775 million in aggregate principal of senior unsecured notes due in 2029 at 8% per year. that is payable semiannually. The senior notes are due on Aug.

Investors 481
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Redwood Trust to close $85M in debt offering

Housing Wire

Redwood’s unsecured debt consists of senior notes due in 2029 that pay 9% annually. In addition, Pennymac issued new debt last year that will mature in December 2029 and pay 7.875% annually. And Rithm Capital priced an offering of $775 million in aggregate principal of senior unsecured notes due in 2029 at 8% per year.

Investing 405
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FOA claims 98% participation in bond exchange offer

Housing Wire

Under the amended offer, the current unsecured notes, due in 2025 with an interest rate of 7.875%, could be swapped for one of two new bond options — those with the same interest rate due in 2026 (with a company option to extend into 2027) or new bonds with a 10% interest rate that would come due in 2029. 29, at 5 p.m.

Finance 457
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Pennymac raises $750M in unsecured debt

Housing Wire

The new debt, with maturity in December 2029, will bear a higher interest rate at 7.875% annually. Besides the new notes issued this week, the company has $650 million at 4.250% due in 2029 and $500 million at 5.750% with maturity in 2031. The debt being replaced has maturity in 2025 and a 5.357% interest rate. A total of $1.8

Investors 362
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Pennymac to issue $650M in unsecured debt

Housing Wire

The California-based company announced on Wednesday it intends to offer a $650 million aggregate principal amount of senior notes due in 2029. The company also has $650 million at 4.250% due in 2029 and $500 million at 5.750% due in 2031. In total, $1.8 million to Black Knight in damages related to a breach of contract claim.

Contracts 425
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Rithm to offer up to 34.5M shares of common stock in public offering

Housing Wire

Earlier this year, the company issued $775 million in senior unsecured notes due in 2029 for qualified institutional buyers. According to filings with the Securities and Exchange Commission (SEC), the company announced a $213.2 million GAAP net income in the second quarter of 2024, compared to $261.6 million in the prior quarter.

Investors 396