UWM Holdings Corporation Announces Offering of Senior Notes Due 2029
March 30 2021 - 7:53AM
Business Wire
UWM Holdings Corporation (NYSE:UWMC) (“UWMC”) announced today
that its indirect subsidiary, United Wholesale Mortgage, LLC
(“UWM”), has commenced a private offering of $700 million aggregate
principal amount of senior notes due 2029 (the “Notes”).
UWM expects to use the net proceeds from the offering to repay
amounts outstanding under its MSR Facility and the remainder for
general corporate purposes.
The Notes will be offered in the United States only to persons
reasonably believed to be qualified institutional buyers in
accordance with Rule 144A under the Securities Act of 1933, as
amended (the “Securities Act”), and to certain non-U.S. persons in
transactions outside the United States in reliance on Regulation S
under the Securities Act. The Notes have not been registered under
the Securities Act, or the securities laws of any other
jurisdiction, and may not be offered or sold in the United States
absent registration or an applicable exemption from the
registration requirements of the Securities Act and applicable
securities laws of any other jurisdiction. This press release does
not and will not constitute an offer to sell any of the Notes or
the solicitation of an offer to buy any of the Notes, nor shall
there be any sale of the Notes in any jurisdiction in which such
offer, solicitation or sale would be unlawful.
About UWM Holdings Corporation and United Wholesale
Mortgage
Headquartered in Pontiac, Michigan, UWM Holdings Corporation is
the publicly traded indirect parent of United Wholesale Mortgage,
LLC (“UWM”). UWM underwrites and provides closing documentation for
residential mortgage loans originated by independent mortgage
brokers, correspondents, small banks and local credit unions across
all 50 states and the District of Columbia.
This press release includes forward-looking statements regarding
the offering of the Notes and the intended use of the net proceeds.
Forward-looking statements include statements identified by terms
such as "expect," "anticipate," "believe," "outlook," "may,"
"should," "target" or similar terms and variations thereof. These
forward-looking statements may be affected by risks and
uncertainties in UWM's business and market conditions. UWM wishes
to caution readers that certain important factors may have affected
and could in the future affect UWM's actual results and could cause
UWM's actual results for subsequent periods to differ materially
from those expressed in any forward-looking statement made by or on
behalf of UWM, including the risk that the offering of the Notes
cannot be successfully completed. UWM undertakes no obligation to
update forward-looking statements to reflect events or
circumstances after the date hereof.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210330005617/en/
Nicole Yelland Public Relations Strategist United Wholesale
Mortgage 800-981-8898 ext. 4815 nyelland@uwm.com
Investor Relations InvestorRelations@uwm.com
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