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Nationstar Announces Pricing of $200 Million of Senior Notes due 2021

  Nationstar Announces Pricing of $200 Million of Senior Notes due 2021

Business Wire

LEWISVILLE, Texas -- March 21, 2013

Nationstar Mortgage Holdings Inc. (NYSE: NSM) (“Nationstar”), a leading
residential mortgage services company, today announced the pricing of $200
million aggregate principal amount of 6.500% Senior Notes due 2021 (the
“Additional Notes”) offered by its wholly-owned subsidiaries Nationstar
Mortgage LLC (the “Company”) and Nationstar Capital Corporation (together with
the Company, the “Issuers”), which was upsized due to significant demand from
its original $150 million launch. The Additional Notes are a follow-on issue
to the Issuers’ $400 million aggregate principal amount of 6.500% Senior Notes
due 2021 issued on February 7, 2013 (the “Existing Notes”) and form a single
series of debt securities with the Existing Notes. The Additional Notes will
be issued in a private placement at an offering price of 103.250%, have an
effective yield of 5.828% and carry a coupon of 6.500% per annum, payable
semi-annually in arrears, beginning July 1, 2013. The offering is expected to
close on March 26, 2013, subject to customary closing conditions. The
Additional Notes will be unsecured and will be guaranteed on a senior basis by
Nationstar, Nationstar Sub1 LLC, Nationstar Sub2 LLC and certain of the
Company’s wholly-owned subsidiaries.

The Issuers will use the net proceeds from this offering for general corporate
purposes, which may include future acquisitions and transfers of servicing
portfolios, including, but not limited to, the acquisition of certain
residential mortgage servicing assets from Bank of America, National
Association, and/or related businesses from third parties, including, but not
limited to, from one or more affiliates of the initial purchasers in this
offering.

The Additional Notes and related guarantees have not been registered under the
Securities Act of 1933, as amended (the “Securities Act”), or any state
securities laws. Accordingly, the Additional Notes are being offered and sold
only to “qualified institutional buyers” (as defined in Rule 144A under the
Securities Act) and outside the United States to non-U.S. persons in offshore
transactions in accordance with Regulation S under the Securities Act.
Therefore, the Additional Notes will be subject to restrictions on
transferability and resale, and may not be transferred or resold absent an
effective registration statement or an applicable exemption from such
registration requirements of the Securities Act.

This press release does not constitute an offer to sell or solicitation of an
offer to purchase with respect to the Additional Notes or other securities,
nor shall there be any sale of the Additional Notes in any state or
jurisdiction in which such offer, solicitation or purchase would be unlawful
prior to the registration or qualification under the securities laws of any
such jurisdiction.

About Nationstar

Based in Lewisville, Texas, Nationstar offers servicing, origination, and real
estate services to financial institutions and consumers. Nationstar is one of
the largest servicers in the United States, with a servicing portfolio of over
1.8 million residential mortgages in excess of $300 billion in unpaid
principal balance as of February 1, 2013. Nationstar’s integrated loan
origination business mitigates servicing portfolio run-off and improves credit
performance for loan investors. Our Solutionstar business unit offers asset
management, settlement, and processing services. Nationstar currently employs
over 4,900 people. Additional corporate information is available at
www.nationstarholdings.com.

Forward-Looking Statements

Any statements in this release that are not historical or current facts are
forward-looking statements. Forward-looking statements convey the Issuers’
current expectations or forecasts of future events. Forward-looking statements
involve known and unknown risks, uncertainties and other factors that may
cause the Issuers’ actual results, performance or achievements to be
materially different from any future results, performances or achievements
expressed or implied by the forward-looking statements. Certain of these risks
and uncertainties are described in the “Risk Factors” section of Nationstar’s
Annual Report on Form 10-K for the year ended December 31, 2012 and other
required reports, as filed with the Securities and Exchange Commission (the
“SEC”), which are available at the SEC’s website at http://www.sec.gov. Unless
required by law, the Issuers undertake no obligation to publicly update or
revise any forward-looking statements to reflect circumstances or events after
the date of this press release.

Contact:

Nationstar Mortgage Holdings Inc.
Marshall Murphy, 469-549-3005
 
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