debt
confidence high
sentiment neutral
materiality 0.70
UWM Holdings issues $800M of 6.625% senior notes due 2030
UWM Holdings Corp
- $800M aggregate principal of 6.625% senior unsecured notes due Feb 1, 2030; issued at par.
- Interest payable semi-annually on Feb 1 and Aug 1, starting Aug 1, 2025.
- Notes are guaranteed by United Wholesale Mortgage, LLC; rank equally with existing unsecured senior debt.
- Redeemable at par from Feb 1, 2029; earlier redemption at 103.313% (2027) and 101.656% (2028).
- Covenants include fixed charge coverage ≥3.0x and debt-to-equity ≤2.0x for additional indebtedness.