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Ocwen Financial repays portion of senior secured term loan
By Marisa Wong
Morgantown, W.Va., Dec. 21 – Ocwen Financial Corp. paid down about $5 million of its senior secured term loan on Monday, according to an 8-K filing with the Securities and Exchange Commission.
Following this paydown and an upcoming scheduled quarterly amortization payment on Dec. 31, the company will have about $398.5 million outstanding under the term loan.
Based in Atlanta, Ocwen provides residential and commercial mortgage loans.
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