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

Housing Wire

” Mortgage lenders and servicers have been active in the debt market of late. 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.

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. Morgan Stanley ; Goldman Sachs ; RBC Capital Markets ; Wells Fargo Securities ; Keefe, Bruyette & Woods ; and Piper Sandler were the book-running managers for the offering. The offering can be increased by $12.75

Investing 431
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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 471
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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. The offer is subject to market conditions and other factors. In total, $1.8

Contracts 433
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Rithm to offer up to 34.5M shares of common stock in public offering

Housing Wire

The company said underwriters will offer shares from time to time in negotiated transactions or prevailing market prices at the time of sale. At current market prices, the offering would bring the company about $395 million, without consideration of the expenses of the public offering. million shares for 30 days.

Investors 420
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Under stress, loanDepot ‘buys time’ with plan to extend $500M debt

Housing Wire

But they are making efforts; it is a very difficult market and they continue to cut costs and narrow their losses,” Kornfeld said. Between now and the end of 2027, I think most market participants expect conditions to improve.” Pennymac also issued new debt last year that will mature in December 2029 and will pay 7.875% annually.

Mortgage 476
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Fitch downgrades — then upgrades — FOA issuer default rating

Housing Wire

FOA’s ratings remain supported by its established market position within the reverse mortgage sector and experienced senior management team.” The first offers the same interest rate and is due in 2026 (with a company option to extend into 2027), while the second has a 10% interest rate and comes due in 2029.

Valuation 357