Ocwen financial announces proposed offering of $400 million of senior secured notes due 2026 by phh mortgage corporation

West palm beach, fla., feb. 24, 2021 (globe newswire) -- ocwen financial corporation (nyse: ocn) (“ocwen” or the “company”), a leading non-bank mortgage servicer and originator, today announced that its subsidiary phh mortgage corporation (“pmc”) plans to offer, subject to market and other conditions, $400 million aggregate principal amount of senior secured notes due 2026 (the “notes”). the notes will be guaranteed on a senior secured basis by the company and phh corporation (“phh”), the parent company of pmc and subsidiary of the company.
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