Freedom Mortgage to launch $250 million add-on term loan on Thursday

By Sara Rosenberg

New York, June 14 – Freedom Mortgage Corp. is scheduled to hold a lender call at 10:30 a.m. ET on Thursday to launch a fungible $250 million add-on first-lien senior secured term loan, according to a market source.

Barclays is the lead bank on the deal.

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

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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