Item 8.01. Other Events
Notes Offering
On December 2, 2020, Mr. Cooper Group Inc. (the "Company") issued a press
release announcing the pricing of its offering by Nationstar Mortgage Holdings
Inc. ("Nationstar"), a direct wholly-owned subsidiary of the Company, of $650
million aggregate principal amount of senior unsecured notes in an offering
exempt from the registration requirements of the Securities Act of 1933, as
amended. A copy of the press release is filed as Exhibit 99.1 to this report and
is incorporated herein by reference.
Redemption of 9.125% Senior Notes due 2026
On December 1, 2020, Nationstar, a direct wholly-owned subsidiary of the
Company, notified Wells Fargo Bank, National Association, as trustee (the
"Trustee"), under the indenture, dated as of July 13, 2018, as amended and
supplemented to date, by and among Nationstar, the Trustee and the guarantors
party thereto, governing Nationstar's 9.125% Senior Notes due 2026 (the "2026
Notes") that Nationstar intends to redeem all $750 million of its outstanding
2026 Notes on December 11, 2020. Nationstar's redemption of the 2026 Notes is
conditioned upon the consummation of the incurrence by Nationstar of additional
indebtedness yielding net proceeds that are sufficient, together with cash on
hand, to pay the redemption price for the 2026 Notes.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit
Number Exhibit
99.1 Press release of Mr. Cooper Group Inc., dated December 2, 2020
104 Cover Page Interactive File (the cover page tags are embedded within
the Inline XBRL document).
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