Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers Paydowns > Headlines for Alto Parana > News item |
Ocwen Financial to repay term loan with notes proceeds
By Sara Rosenberg
New York, Feb. 24 – Ocwen Financial Corp. plans to repay its senior secured term loan using proceeds from a $400 million senior secured notes offering and from a previously announced private placement of $199.5 million senior secured second-lien notes, according to a news release.
The notes will also be used to repay 6 3/8% senior notes due 2021 and 8 3/8% senior secured second-lien notes due 2022 and for general corporate purposes.
Ocwen is a West Palm Beach, Fla.-based non-bank mortgage servicer and originator.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.