secwatch.observer — SEC 8-K summary
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Issuer:     Maverick Merger Sub 2, LLC (—)
CIK:        0000933136
Form:       8-K
Filed at:   2024-02-01T23:59:59+00:00
Accession:  0001193125-24-021883
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mr. Cooper subsidiary issues $1B 7.125% Senior Notes due 2032 to repay MSR facilities
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- Nationstar Mortgage Holdings issued $1,000,000,000 of 7.125% Senior Notes maturing February 1, 2032.
- Interest payable semi-annually on Feb 1 and Aug 1, beginning Aug 1, 2024.
- Net proceeds used to repay a portion of amounts outstanding under MSR facilities.
- Notes are senior unsecured, fully and unconditionally guaranteed by Mr. Cooper Group and certain domestic subsidiaries.
- Indenture includes customary non-investment grade covenants and a change-of-control put at 101% of principal.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/933136/000119312524021883/0001193125-24-021883-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/933136/000119312524021883/d649509d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-021883

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