secwatch.observer — SEC 8-K summary
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Issuer:     UWM Holdings Corp (UWMC)
CIK:        0001783398
Form:       8-K
Filed at:   2022-10-04T23:59:59+00:00
Accession:  0001783398-22-000073
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1783398/000178339822000073/0001783398-22-000073-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1783398/000178339822000073/xbrl-20220930.htm
  HTML page:      https://secwatch.observer/filing/0001783398-22-000073

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