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. Wells Fargo Securities, LLC, Barclays Capital Inc., BofA Merrill Lynch, Citigroup Global Markets Inc. and Deutsche Bank Securities Inc. are acting as the joint book-running managers for the offering. The offering of the securities will be made only by means of a prospectus, copies of which may be obtained from Wells Fargo Securities, LLC, via telephone: (800) 326-5897, email: email@example.com, or standard mail at Wells Fargo Securities, 375 Park Avenue, 4th Floor, New York, NY 10152, Attn: Equity Syndicate; from Barclays Capital Inc., via telephone: (888) 603-5847, email: Barclaysprospectus@broadridge.com, or standard mail at Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717; from BofA Merrill Lynch, via email to firstname.lastname@example.org or standard mail at Attn: Prospectus Department, 222 Broadway, 7th Floor, New York, NY 10038; or from Citigroup Global Markets Inc., via telephone: (877) 858-5407, email: email@example.com, or standard mail at Citigroup Global Markets Inc., Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, NY 11220, Attention: Prospectus Department. A registration statement relating to these securities has been declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.