UWM Holdings Corp., the parent company of leading U.S. mortgage lender United Wholesale Mortgage (UMW), announced Thursday its plan to raise $500 million in debt through a private offering of senior notes that mature in 2030. 

The company intends to use the proceeds to pay down outstanding amounts on its mortgage servicing rights (MSR) facilities and for general corporate purposes, according to filings with the Securities and Exchange Commission (SEC).

The debt, which will be offered to qualified investors, will be guaranteed on a senior unsecured basis by UWM, ranking pari passu in payment details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com