GEORGE TOWN, Grand Cayman, June 26, 2013 (GLOBE NEWSWIRE) -- Home Loan Servicing Solutions, Ltd. (Nasdaq:HLSS) announced today the closing of its previously announced underwritten public offering of ordinary shares. HLSS sold a total of 14,161,475 newly issued ordinary shares, including 1,161,475 ordinary shares sold as a result of the partial exercise of the underwriters' option to purchase additional ordinary shares on June 25, 2013, at a price to the public of $23.00 per share. HLSS received net proceeds of approximately $316 million from the offering after deducting underwriting discounts and commissions and estimated offering expenses. HLSS intends to use the net proceeds of the offering to acquire mortgage servicing assets from Ocwen Loan Servicing, LLC and to pay fees, costs and expenses in connection with the acquisition of these assets.
Home Loan Servicing Solutions Announces Closing Of Public Equity Offering
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