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Home Loan Servicing Solutions Ltd Announces Public Offering of 12,500,000 Ordinary Shares

Wednesday, 19 Jun 2013 04:27pm EDT 

Home Loan Servicing Solutions Ltd announced that it is commencing an underwritten public offering of 12,500,000 of its ordinary shares. Wells Fargo Securities, LLC, Barclays Capital Inc., BofA Merrill Lynch and J.P. Morgan Securities LLC are acting as the joint book-running managers for the offering. HLSS expects to grant the underwriters a 30-day option to purchase up to an additional aggregate of 1,875,000 ordinary shares. HLSS intends to use the net proceeds of the offering to acquire mortgage servicing assets from Ocwen Loan Servicing, LLC and to pay fees, costs and expenses in connection with the acquisition of these assets. Home Loan Servicing Solutions, Ltd. (HLSS) is an internally-managed owner of non-agency mortgage servicing assets. 

Company Quote

0.31 +1.51%
19 Dec 2014