Housing Wire
JULY 30, 2024
” 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.
Housing Wire
JUNE 18, 2024
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
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Housing Wire
DECEMBER 6, 2023
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
Housing Wire
JUNE 11, 2024
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.
Housing Wire
SEPTEMBER 24, 2024
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.
Housing Wire
APRIL 30, 2024
Rithm’s MSRs mark to market contributed $194.5 Regarding its debt, the company issued in March $775 million in senior unsecured notes due in 2029 for qualified institutional buyers. million to the quarter’s earnings, compared to a hit of $296 million the previous quarter. The company lost $48.6 The company’s stock traded at $11.27
Housing Wire
JULY 2, 2024
The brokerage firm has issued $50 million senior secured convertible notes due July 2, 2029, to funds advised by Kennedy Lewis. In the release, the brokerage stated that the convertible notes bear interest at a rate of 7.0% per annum payable in cash, or, at Douglas Elliman’s election, 8.0% per annum paid in kind, due semi-annually.
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