Nationstar to Redeem 10.875% Senior Notes Due 2015
LEWISVILLE, Texas -- June 25, 2014
Nationstar Mortgage Holdings Inc. (NYSE: NSM) (“Nationstar”) announced today
that its wholly-owned subsidiaries Nationstar Mortgage LLC and Nationstar
Capital Corporation (collectively, the “Issuers”) will redeem all of the
outstanding 10.875% Senior Notes due 2015 (CUSIP No. 63860U AB6) (the “Notes”)
on July 25, 2014 (the “Redemption Date”). On the Redemption Date, a redemption
price of 100 percent of the principal amount of the Notes, plus accrued and
unpaid interest on the Notes redeemed to, but not including, the Redemption
Date, will be payable by the Issuers to the holders on the Redemption Date.
The Notes will be redeemed utilizing Nationstar’s cash on balance sheet. As of
June 25, 2014, $285 million aggregate principal amount of the Notes were
The Notes are held only in book-entry form through The Depository Trust
Company (“DTC”). DTC will redeem the Notes in accordance with its procedures
and notify the holders. Holders of the Notes need not take any action to
receive payment of the redemption price.
This press release does not constitute a notice of redemption of the Notes.
Holders of the Notes should refer to the notice of redemption to be delivered
to the registered holders of the Notes by Wells Fargo Bank, National
Association, the trustee with respect to the Notes.
About Nationstar Mortgage Holdings, Inc.
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, valuation and processing services. Additional
corporate information is available at www.nationstarholdings.com.
Nationstar Mortgage Holdings Inc.
Marshall Murphy, 469-549-3005
Press spacebar to pause and continue. Press esc to stop.