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Ocwen readies launch of $335 million term loan B for Thursday
By Sara Rosenberg
New York, Nov. 16 – Ocwen Financial Corp. is scheduled to hold a bank meeting in New York on Thursday to launch a $335 million four-year term loan B, according to a market source.
Barclays is the bookrunner on the deal.
Proceeds will be used to refinance an existing term loan, pay fees and expenses, and for general corporate purposes, the source said.
Ocwen is a West Palm Beach, Fla.-based non-bank mortgage servicer and originator.
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