Nationstar Mortgage in $200 Million Notes Offering

March 26, 2013

Cleary Gottlieb represented Nationstar Mortgage in a high yield debt offering by Nationstar Mortgage and Nationstar Capital Corporation, a wholly owned subsidiary of Nationstar Mortgage. Nationstar issued $200 million of 6.500% Senior Notes due 2021. The notes were sold in a Rule 144A / Regulation S offering with registration rights and are a follow-on issuance to Nationstar’s $400 million 6.500% Senior Notes due 2021 issued on February 7, 2013. The transaction priced on March 21 and closed on March 26.

Cleary Gottlieb has represented Nationstar in seven other 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.