Freedom Mortgage Holdings LLC

Deals

CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
USD300.0005Feb-29SeniorB2BB+FixedTsy100 a101 a4439.25%-101.25000
USD400.0007May-31Sr. UnsecuredB2BB+FixedTsy-9.125-9.25%4649.13%-100.00000
Tranche Comments
5 yr: First Pay: 2024-08-01; Redemption: 2026-02-01; Registration: 144A/Reg S; Comments: US$300m 5yr(2/1/2029) cpn 9.25%, yld 8.914% at 101.250. Spread: T+443bps. Equity Clawback: Up to 40% at 109.25%. CoC: 101%. MWC: T+50bps prior to February 1, 2026, then: February 1, 2026 @104.625%, February 1, 2027 @102.313%, February 1, 2028 and thereafter @100.000%; 7 yr: First Pay: 2024-11-15; Redemption: 2027-05-15; Registration: 144A/Reg S; Comments: US$400m 7yr(5/15/2031) cpn 9.125% at par. Spread: T+464bps. Equity Clawback: Up to 40% at 109.125%. MWC: T+50bps prior to May 15, 2027, then: May 15, 2027 @104.563%, May 15, 2028 @102.281%, May 15, 2028 and thereafter @100.000%. CoC: 101%;
Deal Comments
US$300m tap of 9.25% due 2/1/2029
Use of Proceeds
Fund the May KeyBank MSR Facility Paydown
Refinancing
Yes
Reset
Yes
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
GMX260.0006Invalid dateHkkdscV2W+-CarjnOpqWwva 9a9.25-9.50%5169.25%-407.00000
Tranche Comments
5 pz: First Pay: 2024-08-01; Redemption: 2026-02-01; Registration: 144B/Wnq X; Comments: WZ$500v 5lb pzc 9.250% yt zyb, Zvcjpb 144y/ZvaZ xpb gjxv. Mlljtl Hgyfwypbn Wz tp 40% yt 109.25%. Hygg Zpzvplgvn Xvwblybl 1, 2026 @104.625%, Xvwblybl 1, 2027 @102.313%, Xvwblybl 1, 2028 ycp tzvbvyxtvb @100.000%. HpHn 101%. Zzbvypn J+516wzp. HWZJOn 35641FFF6;
Use of Proceeds
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