Home Loan Servicing Solutions ($0.00 0%) closed its previously announced public offering of ordinary shares.

The company sold a total of 25.3 million newly issued ordinary shares at a price to the public of $19 per share. The company received net proceeds of approximately $462 million from the offering and intends to use the net proceeds from the offering to purchase the right to receive servicing and other related fees, associated servicing advances and other related assets from Ocwen Loan Servicing ($41.85 -1.683%) and to the extent there are any remaining proceeds, for general corporate purposes.