UWM Holdings Corp., the parent company of leading U.S. mortgage lender United Wholesale Mortgage (UWM), has raised $800 million through an unsecured debt offering, a 60% increase from its initial plan. 

The offering, targeted at qualified investors, priced at 6.625% with senior notes due in 2030. These notes are guaranteed on a senior unsecured basis by UWM and share equal payment priority with the company’s existing senior unsecured notes.

According to filings with the Securities and Exchange Commission (SEC), UWM plans to use the proceeds to pay down mortgage servicing rights (MSR) facilities and details ⇒

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