Freedom Mortgage Completes $650 Million Notes Offering
07.02.24
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Simpson Thacher recently represented the initial purchasers, led by J.P. Morgan Securities LLC, in connection with the offering by Freedom Mortgage Holdings LLC (“Freedom Mortgage”) of $325 million aggregate principal amount of 9.25% Senior Notes due 2029 and $325 million aggregate principal amount of 9.125% Senior Notes due 2031, pursuant to Rule 144A and Regulation S. The 9.25% Senior Notes due 2029 were issued as additional notes under an existing indenture pursuant to which Freedom Mortgage previously issued $800 million aggregate principal amount of 9.25% Senior Notes due 2029. The 9.125% Senior Notes due 2031 were issued as additional notes under an existing indenture pursuant to which Freedom Mortgage previously issued $400 million aggregate principal amount of 9.125% Senior Notes due 2031.
Freedom Mortgage, based in Mount Laurel, New Jersey, is a leading nationwide residential mortgage loan servicer and originator.
The Simpson Thacher team included John C. Ericson, Patrick Baron and Erin Camia (Capital Markets); Michael Mann and Kris Liu (Tax); Bobbie Burrows and Ziang Zhou (Intellectual Property); Pasco Struhs (Executive Compensation and Employee Benefits); and Jennie Getsin (Blue Sky).