Ocwen financial announces conditional redemption of 6.375% senior notes due 2021 and 8.375% senior secured second lien notes due 2022

West palm beach, fla., feb. 02, 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 corporation (“phh”) has given notice of its intention to redeem on march 4, 2021 (the “redemption date”) all of its outstanding 6.375% senior notes due 2021 (the “2021 notes”) and also that its subsidiary phh mortgage corporation (“pmc” and together with phh, the “issuers” and each, an “issuer”) has given notice of its intention to redeem on the redemption date all of its outstanding 8.375% senior secured second lien notes due 2022 (the “2022 notes”).
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