GEORGE TOWN, Grand Cayman, Sept. 6, 2012 (GLOBE NEWSWIRE) -- Home Loan Servicing Solutions, Ltd. (Nasdaq:HLSS) announced today that it has priced a public offering of 14,250,000 of its ordinary shares at a public offering price of $15.25 per share for total gross proceeds of approximately $217 million. HLSS intends to use the net proceeds of the offering to purchase the right to receive servicing and other related fees, associated servicing advances and other related assets from Ocwen Loan Servicing, LLC. The offering is subject to customary closing conditions and is expected to close on September 12, 2012.
Home Loan Servicing Solutions Announces Pricing Of Follow-On Equity Offering
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts