Nationstar Mortgage in $300 Million Notes Offering

Cleary Gottlieb represented Nationstar Mortgage LLC in an SEC-registered offering by Nationstar Mortgage LLC and Nationstar Capital Corporation, a wholly owned subsidiary of Nationstar Mortgage LLC (collectively, “Nationstar”). Nationstar issued $300 million of 6.500% Senior Notes due 2022. Cleary Gottlieb has represented Nationstar in eight other high yield debt offerings since 2010, as well as the $250 million IPO in March 2012 of their parent, Nationstar Mortgage Holdings Inc. The transaction priced on May 29 and closed on May 31.

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.