Home Loan Servicing Solutions Announces Pricing of Follow-On Equity Offering
September 06 2012 - 9:14PM
Home Loan Servicing Solutions, Ltd. (Nasdaq:HLSS) announced today
that it has priced a public offering of 14,250,000 of its ordinary
shares at a public offering price of $15.25 per share for total
gross proceeds of approximately $217 million. HLSS intends to use
the net proceeds of the offering to purchase the right to receive
servicing and other related fees, associated servicing advances and
other related assets from Ocwen Loan Servicing, LLC. The offering
is subject to customary closing conditions and is expected to close
on September 12, 2012.
Wells Fargo Securities, LLC, Barclays Capital Inc., BofA Merrill
Lynch, Citigroup Global Markets Inc. and Deutsche Bank Securities
Inc. are acting as the joint book-running managers for the
offering.
The offering of the securities will be made only by means of a
prospectus, copies of which may be obtained from Wells Fargo
Securities, LLC, via telephone: (800) 326-5897, email:
cmclientsupport@wellsfargo.com, or standard mail at Wells Fargo
Securities, 375 Park Avenue, 4th Floor, New York, NY 10152, Attn:
Equity Syndicate; from Barclays Capital Inc., via telephone: (888)
603-5847, email: Barclaysprospectus@broadridge.com, or standard
mail at Barclays Capital Inc., c/o Broadridge Financial Solutions,
1155 Long Island Avenue, Edgewood, NY 11717; from BofA Merrill
Lynch, via email to dg.prospectus_requests@baml.com or standard
mail at Attn: Prospectus Department, 222 Broadway, 7th Floor, New
York, NY 10038; or from Citigroup Global Markets Inc., via
telephone: (877) 858-5407, email: batprospectusdept@citi.com, or
standard mail at Citigroup Global Markets Inc., Brooklyn Army
Terminal, 140 58th Street, 8th Floor, Brooklyn, NY 11220,
Attention: Prospectus Department.
A registration statement relating to these securities has been
declared effective by the Securities and Exchange Commission. This
press release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such an
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or
jurisdiction.
The Home Loan Servicing Solutions, Ltd. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=12504
CONTACT: James E. Lauter
Senior Vice President &
Chief Financial Officer
T: (561) 682-7561
E: James.Lauter@hlss.com
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