Freedom Mortgage to launch $688.4 million term loan on Wednesday

By Sara Rosenberg

New York, March 13 – Freedom Mortgage Corp. is scheduled to hold a lender call at 11 a.m. ET on Wednesday to launch a $688.4 million senior secured term loan due Feb. 23, 2022, according to a market source.

Barclays and JP Morgan Chase Bank are the bookrunners on the deal.

Proceeds will be used to reprice an existing term loan.

Commitments are due at 5 p.m. ET on March 21, the source added.

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.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.