UWM Holdings Corporation Announces Pricing of Upsized Offering of $800 Million of 6.625% Senior Notes Due 2030
UWM Holdings Corporation Class A (UWMC)
Company Research
Source: Business Wire
PONTIAC, Mich.--(BUSINESS WIRE)--UWM Holdings Corporation (NYSE: UWMC) (“UWMC”) announced today that its direct subsidiary, UWM Holdings, LLC (“UWM Holdings”), priced its offering of $800 million aggregate principal amount of 6.625% senior notes due 2030 (the “Notes”). The aggregate principal amount of the offering was increased from the previously announced offering size of $500 million. The Notes will be guaranteed on a senior unsecured basis by UWM Holdings’ wholly-owned subsidiary, United Wholesale Mortgage, LLC (“United Wholesale Mortgage”), and will rank pari passu in right of payment with United Wholesale Mortgage’s existing senior unsecured notes by virtue of such guarantee. UWM Holdings expects the closing of the Notes to occur on December 10, 2024, subject to customary closing conditions. The Notes will have an interest rate of 6.625% and will be issued at a price of 100% of their face value.UWM Holdings expects to use the net proceeds from the offering to pay down outst
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UWMC
News
- UWM Holdings Co. (NYSE: UWMC) had its price target lowered by analysts at Morgan Stanley from $7.50 to $6.50. They now have an "equal weight" rating on the stock.MarketBeat
- UWM Holdings Co. (NYSE: UWMC) had its price target lowered by analysts at Keefe, Bruyette & Woods from $9.00 to $7.00. They now have a "market perform" rating on the stock.MarketBeat
- UWM Holdings Corporation Announces Offering of Senior Notes Due 2030Business Wire
- UWM Holdings Co. (NYSE: UWMC) had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $8.50 to $7.50. They now have a "neutral" rating on the stock.MarketBeat
- UWM Holdings Corp (UWMC) Q3 2024 Earnings Call Highlights: Record Production and Strategic ... [Yahoo! Finance]Yahoo! Finance
UWMC
Earnings
- 11/7/24 - Miss
UWMC
Sec Filings
- 12/20/24 - Form SCHEDULE
- 12/16/24 - Form 8-K
- 12/6/24 - Form 8-K
- UWMC's page on the SEC website