8-K
filed August 1, 2023, 7:59 PM ET
CIK 0000933136
M&A
confidence high
sentiment neutral
materiality 0.75
Maverick Merger Sub 2, LLC: debt financing — Mr. Cooper Group completes acquisition of Home Point Capital for $2.33 per share
Maverick Merger Sub 2, LLC
- Acquisition closed on August 1, 2023; tender offer expired with all validly tendered shares accepted at $2.33 per share cash.
- Home Point Capital merged into Nationstar Mortgage Holdings; $500M of Home Point Capital 5.000% Senior Notes due 2026 assumed by Nationstar.
- HPC Insurance Agency added as guarantor on Nationstar's existing senior notes due 2027, 2028, 2030, and 2031.
- Internal reorganization includes merger of Home Point Capital into Nationstar, with Mr. Cooper Group as parent guarantor.
Key facts
Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Maverick Merger Sub 2, LLC amended senior notes of $600,000,000 with Computershare Trust Company, N.A. at 6.000% maturing 2027.
- Instrument
- senior notes
- Principal
- $600,000,000
- Counterparty
- Computershare Trust Company, N.A.
- Rate
- 6.000%
- Maturity
- 2027
- Event
- amendment
Exact text from the filing
First Supplemental Indenture, dated as of August 1, 2023 (the “Nationstar 2027 Supplemental Indenture”), relating to Nationstar’s $600,000,000 6.000% Senior Notes due 2027
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Maverick Merger Sub 2, LLC amended senior notes of $600,000,000 with Computershare Trust Company, N.A. at 5.750% maturing 2031.
- Instrument
- senior notes
- Principal
- $600,000,000
- Counterparty
- Computershare Trust Company, N.A.
- Rate
- 5.750%
- Maturity
- 2031
- Event
- amendment
Exact text from the filing
(“HPC Insurance Agency”), entered into (i) the First Supplemental Indenture, dated as of August 1, 2023 (the “Nationstar 2027 Supplemental Indenture”), relating to Nationstar’s $600,000,000 6.000% Senior Notes due 2027, supplementing the Indenture, dated as of January 16, 2020, among Nationstar, the guarantors party thereto and Computershare Trust Company, N.A.
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Maverick Merger Sub 2, LLC amended senior notes of $500.0 million with U.S. Bank Trust Company, National Association at 5.000% maturing February 1, 2026.
- Instrument
- senior notes
- Principal
- $500.0 million
- Counterparty
- U.S. Bank Trust Company, National Association
- Rate
- 5.000%
- Maturity
- February 1, 2026
- Event
- amendment
Exact text from the filing
Home Point Capital 5.000% Senior Notes due 2026 Following the completion of the Merger, there will remain outstanding $500.0 million aggregate principal amount of Home Point Capital Notes.
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Maverick Merger Sub 2, LLC amended senior notes of $650,000,000 with Computershare Trust Company, N.A. at 5.125% maturing 2030.
- Instrument
- senior notes
- Principal
- $650,000,000
- Counterparty
- Computershare Trust Company, N.A.
- Rate
- 5.125%
- Maturity
- 2030
- Event
- amendment
Exact text from the filing
First Supplemental Indenture, dated as of August 1, 2023 (the “Nationstar 2030 Supplemental Indenture”), relating to Nationstar’s $650,000,000 5.125% Senior Notes due 2030
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Maverick Merger Sub 2, LLC amended senior notes of $850,000,000 with Computershare Trust Company, N.A. at 5.500% maturing 2028.
- Instrument
- senior notes
- Principal
- $850,000,000
- Counterparty
- Computershare Trust Company, N.A.
- Rate
- 5.500%
- Maturity
- 2028
- Event
- amendment
Exact text from the filing
First Supplemental Indenture, dated as of August 1, 2023 (the “Nationstar 2028 Supplemental Indenture”), relating to Nationstar’s $850,000,000 5.500% Senior Notes due 2028
View on SEC.gov
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