Freedom Mortgage to launch $350 million term loan B on Tuesday

By Sara Rosenberg

New York, Jan. 27 – Freedom Mortgage Corp. is scheduled to hold a bank meeting at 1 p.m. ET on Tuesday to launch a $350 million five-year term loan B, according to a market source.

Barclays is the bookrunner on the deal.

Proceeds will be used for general corporate purposes, including potential strategic acquisitions of Mortgage Servicing Rights, the source said.

Freedom Mortgage is a Mount Laurel, N.J.-based top tier residential mortgage company engaged in the origination, servicing, selling and securitizing of primarily agency-eligible residential mortgage loans.

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