Ocwen Financial readies launch of $350 million term loan B for Monday

By Sara Rosenberg

New York, June 15 – Ocwen Financial Corp. will hold a lender call at 1:30 p.m. ET on Monday to launch a $350 million six-year senior secured term loan B, according to a market source.

Barclays is the left lead arranger on the deal.

The term loan will include a springing maturity feature, the source said.

Proceeds will be used to refinance the company’s existing senior secured term loan and fund cash to the balance sheet for general corporate purposes.

Ocwen is a West Palm Beach, Fla.-based non-bank mortgage servicer and originator.

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