Ocwen buys $21.36 million in 3.25% convertibles due 2024

By Devika Patel

Knoxville, Tenn., Feb. 20 - Ocwen Financial Corp. purchased $21.36 million of its 3.25% convertible notes due 2024 on Feb. 19, according to an 8-K filed Friday with the Securities and Exchange Commission.

The purchase represents 25.9% of the notes previously outstanding.

Based in West Palm Beach, Fla., Ocwen is an asset manager and business process outsourcing provider to the financial services industry that specializes in loan servicing, mortgage fulfillment and receivables management services.

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