Mortgage companies issue debt. Here’s why that’s a positive sign to the market
Housing Wire
OCTOBER 2, 2023
The company issued two tranches: the first tranche, of $800 million, is due in October 2028 with a 12% coupon, and the second tranche, of $500 million, is due in October 2030 with a 12.25% coupon. 18 that it priced an underwritten public offering of $50 million of its 8.50% senior notes due 2028.
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