Nationstar Mortgage in $225 Million Notes Offering

September 26, 2013

Cleary Gottlieb represented Nationstar Mortgage in an SEC-registered offering by Nationstar Mortgage and Nationstar Capital Corporation, a wholly owned subsidiary of Nationstar Mortgage. Nationstar issued $225 million of 6.500% Senior Notes due 2018. This offering is a reopening of Nationstar’s $250 million 6.500% Senior Notes due 2018 issued on July 22, 2013. The transaction priced on September 24 and closed on September 26 (a T+2 settlement cycle). 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.