Ocwen Financial Prices Offering At $9 Per Share
Stock quotes in this article:
OCN
WEST PALM BEACH, Fla. (AP) — Loan servicing company Ocwen Financial Corp. said Thursday it priced a public offering of 28 million shares at $9 per share for expected proceeds of around $239.4 million.
Underwriters have 30 days to buy up to an additional 4.2 million shares to cover over-allotments. Funds will be used for general corporate purposes. JPMorgan Securities Inc., Barclays Capital Inc. and Wells Fargo Securities LLC are acting as joint book-running managers of the offering. Shares declined 28cents, or 3.1 percent, to $8.87 in premarket trading.- Loading Comments...
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