Mr Cooper Group (COOP) has released an update to notify the public and investors about an entry into a material definitive agreement.
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Nationstar Mortgage Holdings Inc., a subsidiary of Mr. Cooper Group Inc., completed the sale of $1 billion in 7.125% Senior Notes due 2032 on February 1, 2024. These Notes, exempt from the Securities Act’s registration requirements, are payable semi-annually and will mature in 2032. Proceeds from the sale are allocated to repaying part of the Company’s MSR facilities debt. The Notes are senior unsecured obligations, guaranteed by the Company and its domestic subsidiaries, subject to certain conditions and redemption options as outlined in the Indenture.
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For a comprehensive understanding of the announcement, you can read the full document here.
