Nationstar to offer $250M of senior notes

Mortgage servicer Nationstar Mortgage Holdings (NSM) intends to sell $250 million in aggregate principal amount senior notes due in 2018 through a public offering. 

The notes will be unsecured and guaranteed by Nationstar and its wholly-owned subsidiaries.

Proceeds from the offering will be used to acquire additional servicing portfolios – including the firm’s acquisition of Bank of America mortgage servicing assets.

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