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Mr. Cooper to issue $750M in debt following M&A deal with Flagstar

Housing Wire

Pennymac also issued new debt last year that will mature in December 2029 and pay 7.875% annually. Meanwhile, Rithm Capital priced an offering of $775 million in aggregate principal of senior unsecured notes due in 2029 at 8% per year. that is payable semiannually. The senior notes are due on Aug.

Investors 429
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Redwood Trust to close $85M in debt offering

Housing Wire

Redwood’s unsecured debt consists of senior notes due in 2029 that pay 9% annually. In addition, Pennymac issued new debt last year that will mature in December 2029 and pay 7.875% annually. And Rithm Capital priced an offering of $775 million in aggregate principal of senior unsecured notes due in 2029 at 8% per year.

Investing 315
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Pennymac raises $750M in unsecured debt

Housing Wire

The new debt, with maturity in December 2029, will bear a higher interest rate at 7.875% annually. Besides the new notes issued this week, the company has $650 million at 4.250% due in 2029 and $500 million at 5.750% with maturity in 2031. The debt being replaced has maturity in 2025 and a 5.357% interest rate. A total of $1.8

Investors 286
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Pennymac to issue $650M in unsecured debt

Housing Wire

The California-based company announced on Wednesday it intends to offer a $650 million aggregate principal amount of senior notes due in 2029. The company also has $650 million at 4.250% due in 2029 and $500 million at 5.750% due in 2031. In total, $1.8 million to Black Knight in damages related to a breach of contract claim.

Contracts 348
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Rithm to offer up to 34.5M shares of common stock in public offering

Housing Wire

Earlier this year, the company issued $775 million in senior unsecured notes due in 2029 for qualified institutional buyers. According to filings with the Securities and Exchange Commission (SEC), the company announced a $213.2 million GAAP net income in the second quarter of 2024, compared to $261.6 million in the prior quarter.

Investors 308
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Rithm Capital to issue $775M in unsecured debt

Housing Wire

On Monday, Rithm announced its plan to offer $775 million in senior unsecured notes due in 2029 for qualified institutional buyers. Cooper Group , Freedom Mortgage , PennyMac Mortgage Investment Trust and Pennymac Financial Services , each of which have issued debt since September 2023.

Investing 389
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Under stress, loanDepot ‘buys time’ with plan to extend $500M debt

Housing Wire

Pennymac also issued new debt last year that will mature in December 2029 and will pay 7.875% annually. And Rithm Capital priced an offering of $775 million in aggregate principal of senior unsecured notes due in 2029 at 8% per year.

Mortgage 369