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

Housing Wire

Onity Group , the parent company of PHH Mortgage Corp. and Liberty Reverse Mortgage , announced this week that it will offer $500 million in senior notes due in 2029. The price to investors will be 99.556% of the principal amount of the notes. Messina added that it is a central element to the entire rebranding initiative.

Investors 431
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Mr. Cooper to issue $750M in debt following M&A deal with Flagstar

Housing Wire

Cooper Group has priced the issuance of $750 million in debt to refinance outstanding mortgage servicing rights (MSR) facilities, an announcement that comes only four days after making public its billion-dollar acquisition of Flagstar Bank ‘s servicing assets. that is payable semiannually. that is payable semiannually.

Investors 482
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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. The company said the proceeds of the debt offering are expected to fund, among other things, the firm’s residential lending business, the acquisition of mortgage-backed securities (MBS), and strategic acquisitions and investments.

Investing 421
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Rithm to offer up to 34.5M shares of common stock in public offering

Housing Wire

million shares of common stock to investors in a public offering. In the mortgage space , the firm struck a deal with Computershare Mortgage Services Inc. Rithm is offering 30 million shares of its common stock, subject to market conditions, but will give investors the option to purchase an additional 4.5 in June 2024.

Investors 412
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Pennymac raises $750M in unsecured debt

Housing Wire

California-based Pennymac Financial Services raised $750 million in unsecured debt with qualified institutional investors, 15% more than it initially expected, the company announced Thursday. The new debt, with maturity in December 2029, will bear a higher interest rate at 7.875% annually. In September, Freedom Mortgage raised $1.3

Investors 377
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Pennymac to issue $650M in unsecured debt

Housing Wire

Pennymac Financial Services is the latest mortgage company to issue debt in a challenging housing market. The California-based company announced on Wednesday it intends to offer a $650 million aggregate principal amount of senior notes due in 2029. For example, Freedom raised $1.3

Contracts 431
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Under stress, loanDepot ‘buys time’ with plan to extend $500M debt

Housing Wire

Cooper issued senior notes to qualified investors in January that will mature in 2032 and will bear interest at 7.125% per year, paid semiannually. Pennymac also issued new debt last year that will mature in December 2029 and will pay 7.875% annually. Another 68% have indicated their intent to participate.

Mortgage 469