United Wholesale Mortgage has issued new senior notes set to mature in 2031, reflecting a strategic move in the current lending landscape. Carrying a coupon rate of 6.250%, these notes indicate the company’s effort to bolster its financial position amidst competitive mortgage industry conditions. The decision to offer senior unsecured notes demonstrates United Wholesale Mortgage’s commitment to enhancing liquidity and funding options while placing an emphasis on favorable terms for borrowers. This issuance not only strengthens their capital structure but also positions them to better serve the mortgage market.
– **Senior Notes Issuance**: United Wholesale Mortgage introduces new senior notes due 2031.
– **Coupon Rate**: The notes feature a coupon rate of 6.250%, providing attractive returns for investors.
– **Unsecured Guarantee**: The notes are backed on a senior unsecured basis, underscoring UWM’s solid financial footing.
– **Liquidity Enhancement**: This strategic move aims to enhance the company’s liquidity and funding capabilities in a competitive environment.
– **Market Positioning**: The initiative enhances UWM’s ability to serve and respond to evolving borrower needs efficiently.
You can read this full article at: https://www.housingwire.com/articles/uwm-raises-1b-in-oversubscribed-debt-deal-ahead-of-november-maturity/(subscription required)
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