CrossCountry Intermediate HoldCo, the direct parent of CrossCountry Mortgage (CCM), has priced an upsized offering of $750 million in senior notes due in 2031 as it refinances mortgage servicing rights (MSR) facilities tied to its growth plans. The offering came in 50% higher than previously expected.

The 7.75% senior notes will be issued on a senior unsecured basis and guaranteed by CCM and any future wholly owned domestic restricted subsidiaries that guarantee material corporate debt, the company said Tuesday. The transaction is expected to close on or about Aug. 12, subject to customary closing conditions.

“The Company expects to details ⇒

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