debt
confidence high
sentiment neutral
materiality 0.70
UWM Holdings prices $1.0B 6.250% senior notes due 2031, upsized from $600M
UWM Holdings Corp
- Issued $1.0B aggregate principal of 6.250% senior unsecured notes due 2031, increased from $600M.
- Notes guaranteed by UWM Holdings' subsidiary United Wholesale Mortgage; rank pari passu with existing senior notes.
- Net proceeds to repay $5.5% Senior Notes due 2025 at Nov 15 maturity, pay down MSR Facilities, and working capital.
- Closing expected Sept 16, 2025; offered via Rule 144A/Reg S to QIBs and non-U.S. persons.
- Purchase Agreement includes customary reps, warranties, and indemnification; J.P. Morgan as representative.
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