The Exchange Offers and Consent Solicitations were made pursuant to the terms and subject to the conditions set forth in the offering memorandum and consent solicitation statement dated J(the ' Offering Memorandum'). For the avoidance of doubt, for each $1,000 principal amount of Existing Senior Notes validly tendered (and not validly withdrawn) after the Early Tender Date, eligible holders will be eligible to receive only the Exchange Consideration and the Early Tender Premium (and not the Consent Payment). Includes the Consent Payment of $20.00 in cash, $950 of Exchange Consideration and the $50 Early Tender Premium. On the Settlement Date, the Early Tender Premium will be paid to eligible holders who validly tendered (and did not validly withdraw) their Existing Senior Notes at or prior to the Expiration Date.įor each $1,000 principal amount of Existing Senior Notes validly tendered (and not validly withdrawn) at or prior to the Early Tender Date. On the Settlement Date, any eligible holder who validly tendered (and did not validly withdraw) Existing Senior Notes at or prior to the Expiration Date will be eligible to receive the Exchange Consideration.įor each $1,000 principal amount of Existing Senior Notes accepted for exchange. On the Settlement Date, the Consent Payment will be paid to each eligible holder that validly tendered Existing Senior Notes at or prior to 5:00 p.m., New York City time, on J(the ' Early Tender Date') provided, that the Consent Payment will not be paid with respect to any Existing Senior Notes validly withdrawn (and not validly retendered) prior to the Early Tender Date.įor each $1,000 principal amount of Existing Senior Notes accepted for exchange. The settlement date for the Exchange Offers is currently expected to occur on J(the ' Settlement Date'), although Freedom Mortgage may in its sole discretion choose to extend the Settlement Date to July 31, 2023.įor each $1,000 principal amount of Existing Senior Notes accepted for exchange.

King'), the exchange agent and information agent for the Exchange Offers and Consent Solicitations, as of the Expiration Date, a total of $501,329,000 principal amount of Existing Senior 2026 Notes and $535,107,000 principal amount of Existing Senior 2027 Notes had been validly tendered and not validly withdrawn in the Exchange Offers, representing approximately 98.39% and 99.05%, respectively, of the outstanding Existing Senior 2026 Notes and Existing Senior 2027 Notes. According to information provided by D.F. The Exchange Offers and Consent Solicitations expired at 5:00 p.m., New York City time, on J(such time, the ' Expiration Date').

NEW YORK, J/PRNewswire/ - Freedom Mortgage Corporation (' Freedom Mortgage') today announced the expiration and final results of the previously-announced offers to exchange (each an ' Exchange Offer' and collectively, the ' Exchange Offers') any and all of its outstanding 7.625% Senior Notes due 2026 (the ' Existing Senior 2026 Notes') and 6.625% Senior Notes due 2027 (the ' Existing Senior 2027 Notes' and, together with the Existing Senior 2026 Notes, the ' Existing Senior Notes') for up to $509,525,000 aggregate principal amount of 7.625% Senior Notes due 2026 (the ' New 7.625% Senior Notes due 2026') and up to $540,246,000 aggregate principal amount of 6.625% Senior Notes due 2027 (the ' New 6.625% Senior Notes due 2027' and, together with the New 7.625% Senior Notes due 2026, the ' New Senior Notes') issued by Freedom Mortgage, as set forth in the table below, and the related consent solicitations (each, a ' Consent Solicitation' and, collectively, the ' Consent Solicitations') to adopt certain proposed amendments (the ' Proposed Amendments') to each of the indentures governing the Existing Senior Notes (the ' Existing Senior Notes Indentures') that will eliminate certain of the covenants, restrictive provisions, events of default and the requirement for subsidiaries to provide guarantees in the future from the Existing Senior Notes Indentures.

Freedom mortgage corporation