Nationstar Mortgage and Nationstar Capital in Exchange Offers

June 26, 2013

Cleary Gottlieb represented Nationstar Mortgage and Nationstar Capital, a wholly owned subsidiary of Nationstar Mortgage in offers by Nationstar to exchange all of their outstanding unregistered $375 million aggregate principal amount of 9.625% Senior Notes due 2019, $400 million aggregate principal amount of 7.875% Senior Notes due 2020 and $600 million aggregate principal amount of 6.500% Senior Notes due 2021 for an equal aggregate principal amount of Notes registered under the Securities Act of 1933, as amended. The exchange offers were launched on May 23, 2013 and closed on June 26, 2013. Cleary Gottlieb has represented Nationstar in nine high yield debt offerings since 2010, as well as the $250 million IPO in March 2012 of their parent, Nationstar Mortgage Holdings.

Nationstar is one of the largest residential mortgage servicers in the United States. The company is known for its strong servicer performance and high touch servicing model, which emphasizes borrower interaction to improve loan performance and minimize loan defaults and foreclosures.

Nationstar is a Fortress Investment Group portfolio company. Fortress is a leading global alternative assets manager with extensive experience and expertise in the residential mortgage and financial services sectors.