NationStar Mortgage in $275 Million Notes Offering

April 25, 2012

Cleary Gottlieb represented NationStar Mortgage LLC in a high yield debt offering by NationStar Mortgage LLC and NationStar Capital Corporation, a wholly owned subsidiary of NationStar Mortgage LLC, following the $250 million IPO in March 2012 of their parent, NationStar Mortgage Holdings Inc. NationStar issued $275 million of 9.625% Senior Notes due 2019. The notes were sold in a Rule 144A/Regulation S offering with registration rights. The transaction priced on April 20 and closed on April 25.

NationStar is a leading non-bank residential mortgage servicer 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 Mortgage is majority owned by affiliates of Fortress. Fortress is a leading global alternative assets manager with extensive experience and expertise in the residential mortgage and financial services sectors.