Latham Advises on Mr. Cooper Group Inc. Subsidiary Nationstar Mortgage Holdings Inc.’s US$1 Billion Senior Notes Offering

On February 1, 2024, Mr. Cooper Group Inc. (NASDAQ: COOP) closed an offering by Nationstar Mortgage Holdings Inc., a direct wholly owned subsidiary of Mr. Cooper, of US$1 billion 7.125% Senior Notes due 2032 in a private placement under Rule 144A and Regulation S of the Securities Act of 1933 to eligible purchasers. The Notes will bear interest at 7.125% per annum and will mature on February 1, 2032. Interest on the Notes will be payable semi-annually on February 1 and August 1 of each year, beginning on August 1, 2024.

Latham & Watkins LLP represented the initial purchasers in the offering with a corporate team led by New York partners Corey Wright and Erika Weinberg, with associates Robyn Sablove and Madison Venezia. Advice was also provided on data privacy and cybersecurity matters by Bay Area partner Robert Blamires, with San Diego associate Kathryn Parsons-Reponte; and on tax matters by New York partner Bora Bozkurt and Chicago Partner Rene de Vera, with New York associate Sam Yang.