Simpson Thacher is representing WMIH Corp. (NASDAQ: WMIH) (“WMIH”) in connection with its announced merger with Nationstar Mortgage Holdings Inc. (NYSE: NSM) (“Nationstar”) for approximately $3.8 billion in cash and WMIH shares, including the refinancing of outstanding debt. Upon completion of the transaction, Nationstar shareholders will own approximately 36% of the combined company and WMIH shareholders, including KKR, will own approximately 64%. The transaction is anticipated to close in the second half of 2018. WMIH has secured $2.75 billion of financing commitments in connection with the transaction.
WMIH Corp. is a publicly traded company focused on actively seeking acquisition opportunities across a broad array of industries with a specific focus in the financial institutions sector.
Nationstar is the largest non-bank mortgage servicer in the U.S., combining mortgage servicing with a fully integrated loan originations platform.
The Simpson Thacher team includes Lee Meyerson, Elizabeth Cooper, Matt Gabbard and Michael Chao (M&A); Ed Bersuder (Credit); Richard Fenyes and Sunny Cheong (Capital Markets); Marcy Geller and Sophie Staples (Tax); David Rubinsky, Eric Wolf, Michael Cook and Jason Fixelle (ECEB); Lori Lesser, Kate Stein and Cecillia Xie (IP); Peter Guryan and Ellen Frye (Antitrust).