Nationstar Mortgage LLC and Nationstar Capital Corporation Announce Results
of the Exchange Offers for their 9.625% Senior Notes Due 2019, 7.875% Senior
Notes Due 2020 and 6.500% Senior Notes Due 2021
LEWISVILLE, Texas -- June 26, 2013
Nationstar Mortgage Holdings Inc. (NYSE: NSM) (“Nationstar”), a leading
residential mortgage services company, announced today the final results of
the registered exchange offers (the “Exchange Offers”) by its wholly-owned
subsidiaries Nationstar Mortgage LLC (the “Company”) and Nationstar Capital
Corporation (together with the Company, the “Issuers”) previously announced on
May 23, 2013.
The Exchange Offers pertained to all of the Issuers’ outstanding $375,000,000
aggregate principal amount of 9.625% Senior Notes due 2019 (the “2019 Initial
Notes”), $400,000,000 aggregate principal amount of 7.875% Senior Notes due
2020 (the “2020 Initial Notes”) and $600,000,000 aggregate principal amount of
6.500% Senior Notes due 2021 (the “2021 Initial Notes” and, together with the
2019 Initial Notes and the 2020 Initial Notes, the “Initial Notes”), which
were not registered under the Securities Act of 1933, as amended (the “Act”),
for $375,000,000 aggregate principal amount of 9.625% Senior Notes due 2019
(the “2019 Exchange Notes”), $400,000,000 aggregate principal amount of 7.875%
Senior Notes due 2020 (the “2020 Exchange Notes”) and $600,000,000 aggregate
principal amount of 6.500% Senior Notes due 2021 (the “2021 Exchange Notes”
and, together with the 2019 Exchange Notes and the 2020 Exchange Notes the
“Exchange Notes”), which have been registered under the Act.
The Exchange Offers commenced on May 23, 2013 and expired at 5:00 p.m. New
York City time, on June 21, 2013. Wells Fargo Bank, National Association,
acting as exchange agent for the Exchange Offers, advised the Issuers that all
of the $1,375,000,000 aggregate principal amount of the Initial Notes have
been validly tendered for exchange, representing 100% of the principal amount
of the outstanding Initial Notes. The Issuers accepted all of the Initial
Notes validly tendered and not withdrawn.
This press release does not constitute an offer to purchase any securities or
the solicitation of an offer to sell any securities. The Exchange Offers were
made only pursuant to the prospectus dated May 23, 2013 and the related letter
of transmittal and only to such persons and in such jurisdictions as is
permitted under applicable law.
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 and operates an integrated loan
origination business that mitigates servicing portfolio run-off and improves
credit performance for loan investors. Our Solutionstar business unit offers
asset management, settlement, and processing services. As of June 1, 2013,
Nationstar employs over 7,200 people.
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 “Risk Factors” contained in the Issuers’
registration statement on Form S-4 and in Nationstar’s annual report and
quarterly report, 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.
Nationstar Mortgage Holdings Inc.
Marshall Murphy, 469-549-3005
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