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. Wells Fargo Securities, LLC, Barclays Capital Inc., BofA Merrill Lynch and J.P. Morgan Securities LLC acted as the joint book-running managers for the offering. The shares were offered pursuant to a prospectus supplement and an accompanying prospectus filed as part of an effective shelf registration statement filed with the Securities and Exchange Commission on Form S-3. Copies of the prospectus supplement and the accompanying prospectus relating to this offering may be obtained from Wells Fargo Securities, LLC, via telephone: (800) 326-5897, email: firstname.lastname@example.org, 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 email@example.com or standard mail at BofA Merrill Lynch, Attn: Prospectus Department, 222 Broadway, New York, NY 10038; or from J.P. Morgan Securities LLC, via telephone: (866) 803-9204 or standard mail at J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Attention: Prospectus Department. 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.