Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 2.54 0.14%
NASDAQ 4,095.52 9.29 0.23%
Ticker Volume Price Price Delta
STOXX 50 3,155.81 16.55 0.53%
FTSE 100 6,625.25 41.08 0.62%
DAX 9,409.71 91.89 0.99%
Ticker Volume Price Price Delta
NIKKEI 14,516.27 98.74 0.68%
TOPIX 1,173.37 6.78 0.58%
HANG SENG 22,760.24 64.23 0.28%

Lender Processing Services Announces Pricing of $600 Million Senior Note Offering



   Lender Processing Services Announces Pricing of $600 Million Senior Note
                                   Offering

PR Newswire

JACKSONVILLE, Fla., Sept. 28, 2012

JACKSONVILLE, Fla., Sept. 28, 2012 /PRNewswire/ -- Lender Processing Services,
Inc. (NYSE: LPS), a leading provider of integrated technology and services to
the mortgage and real estate industries, announced today the pricing of its
offering of $600 million aggregate principal amount of Senior Notes due 2023
(the "Senior Notes").  The Senior Notes will mature on April 15, 2023, will
have an interest rate of 5.75% and will be issued at 100% of par value,
providing a yield to maturity to investors of 5.75%.  Interest will be paid
semi-annually on the 15th day of April and October beginning April 15, 2013.
The offering is expected to close on October 12, 2012, subject to customary
closing conditions. 

(Logo:  http://photos.prnewswire.com/prnh/20120802/FL50731LOGO)

The net proceeds of the offering, along with cash on hand, are expected to be
used to purchase any of the 8.125% Senior Notes due 2016 tendered in the
Company's proposed tender offer, to redeem any notes not tendered, to prepay
in full the outstanding Term B Loans under its senior credit facilities and to
pay fees and expenses in connection with these transactions.

The Senior Notes will be sold pursuant to the Company's shelf registration
statement on file with the Securities and Exchange Commission.  The
underwriters for the transaction are Wells Fargo Securities, LLC, J.P. Morgan
Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, SunTrust
Robinson Humphrey, Inc., U.S. Bancorp Investments, Inc. and Goldman, Sachs &
Co.

The Company has filed a registration statement on Form S-3 (including a
prospectus) with the Securities and Exchange Commission for the offering to
which this communication relates. Before you invest, you should read the
prospectus in that registration statement and the prospectus supplement
thereto and the other documents that the Company has filed with the SEC for
more complete information about the Company and this offering. These documents
are available at no charge by visiting EDGAR on the SEC website
at www.sec.gov. Alternatively, these documents will be made available upon
request to any underwriter participating in the offering. Interested parties
may obtain a prospectus and the related prospectus supplement from Wells Fargo
Securities, LLC at 550 South Tryon Street, Attention: Client Support, 7th
Floor MAC D1086-070, Charlotte, NC 28202, telephone: (800) 326-5897.

This press release does not constitute an offer to sell or a solicitation of
an offer to buy the Senior Notes, which may be made only pursuant to the terms
of the relevant prospectus supplement (including the prospectus).

About Lender Processing Services

Lender Processing Services (NYSE: LPS) delivers comprehensive technology
solutions and services, as well as powerful data and analytics, to the
nation's top mortgage lenders, servicers and investors. As a proven and
trusted partner with deep client relationships, LPS offers the only end-to-end
suite of solutions that provides major U.S. banks and many federal government
agencies the technology and data needed to support mortgage lending and
servicing operations, meet unique regulatory and compliance requirements and
mitigate risk.

These integrated solutions support origination, servicing, portfolio retention
and default servicing. LPS' servicing solutions include MSP, the industry's
leading loan-servicing platform, which is used to service approximately 50
percent of all U.S. mortgages by dollar volume. The company also provides
proprietary data and analytics for the mortgage, real estate and capital
markets industries.

LPS is a Fortune 1000 company headquartered in Jacksonville, Fla., and employs
approximately 8,000 professionals. For more information, please visit
www.lpsvcs.com.

Cautionary Statement About Forward-Looking Statements  

This press release contains forward-looking statements that involve a number
of risks and uncertainties. Those forward-looking statements include all
statements that are not historical facts, including statements about our
beliefs and expectations. Forward-looking statements are based on management's
beliefs, as well as assumptions made by and information currently available to
management. Because such statements are based on expectations as to future
economic performance and are not statements of historical fact, actual results
may differ materially from those projected. We undertake no obligation to
update any forward-looking statements, whether as a result of new information,
future events or otherwise.  The risks and uncertainties to which
forward-looking statements are subject include, but are not limited to: our
ability to successfully consummate the Senior Notes Offering, the proposed
tender offer for our existing senior notes due 2016, the related consent
solicitation, the redemption of any untendered existing notes, and the
prepayment of our outstanding Term B Loans under our senior credit facilities;
our ability to adapt our services to changes in technology or the marketplace;
the impact of adverse changes in the level of real estate activity (including
among others, loan originations and foreclosures) on demand for certain of our
services; our ability to maintain and grow our relationships with our
customers; the effects of our substantial leverage on our ability to make
acquisitions and invest in our business; the level of scrutiny being placed on
participants in the foreclosure process; risks associated with federal and
state enforcement proceedings, inquiries and examinations currently underway
or that may be commenced in the future with respect to our default management
operations, and with civil litigation related to these matters; the impact of
continued delays in the foreclosure process on the timing and collectability
of our fees for certain of our services; changes to the laws, rules and
regulations that regulate our businesses as a result of the current economic
and financial environment; changes in general economic, business and political
conditions, including changes in the financial markets; the impact of any
potential defects, development delays, installation difficulties or system
failures on our business and reputation; risks associated with protecting
information security and privacy; and other risks and uncertainties detailed
in the "Statement Regarding Forward-Looking Information," "Risk Factors" and
other sections of the Company's Form 10-K and other filings with the
Securities and Exchange Commission.

SOURCE Lender Processing Services, Inc.

Website: http://www.lpsvcs.com
Contact: Investor contact: Nancy Murphy, +1-904-854-8640,
Nancy.Murphy@lpsvcs.com; Media contact: Michelle Kersch, +1-904-854-5043,
Michelle.Kersch@lpsvcs.com
Sponsored Links
Advertisement
Advertisements
Sponsored Links
Advertisement