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UWMC - UWM Holdings raises $700M to repay outstanding amounts under MSR Facility
UWM Holdings Corporation Class A
United Wholesale Mortgage, LLC, an indirect subsidiary of UWM Holdings Corporation (UWMC) has priced $700M of 5.500% senior notes due 2029 at a price of 100% of their face value.Offering is expected to close on April 7, 2021. Net proceeds will be used to repay amounts outstanding under its MSR Facility and the remainder for general corporate purposes.