debt
confidence high
sentiment neutral
materiality 0.65
UWM Holdings issues $1.0B of 6.250% senior notes due 2031
UWM Holdings Corp
- UWM Holdings LLC issued $1.0B in 6.250% senior notes due March 15, 2031, at 100% par.
- Interest payable semi-annually starting March 15, 2026; notes mature March 15, 2031.
- Notes are unsecured, senior obligations, guaranteed by United Wholesale Mortgage.
- Redemption options include make-whole prior to March 2028; thereafter at step-down prices from 103.125% to 100%.
- Indenture includes covenants limiting additional indebtedness, restricted payments, mergers, and liens.
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