UWM enters $1.5B MSR financing facility with Citibank, maturing Sept 2023

UWM Holdings Corp

UWM subsidiary signed amended loan agreement with Citibank for up to $1.5B facility to finance mortgage servicing rights.
Facility is uncommitted, collateralized by agency MSRs, matures September 26, 2023; interest at SOFR plus margin.
Covenants include debt-to-tangible net worth ratio, minimum liquidity, and minimum quarterly net income.
Dividend payment date moved from Oct 10 to Oct 7 due to federal holiday; previously declared $0.10/share.

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