Freedom Mortgage’s $600 Million Notes Offering


Simpson Thacher represented the initial purchasers in the offering.

Freedom Mortgage Corporation executed the offering of $600 million aggregate principal amount of 7.625% Senior Notes due 2026 pursuant to Rule 144A and Regulation S. The offering was upsized from $500 million to $600 million.

Barclays (B&D), J.P. Morgan, BofA Securities, KeyBanc Capital Markets and UBS acted as initial purchasers for the deal.

Freedom Mortgage, based in Mount Laurel, New Jersey, is a leading nationwide residential mortgage loan originator and servicer.

The Simpson Thacher team advising the initial purchasers included John C. Ericson (Picture), David Azarkh, Christine Turner and Jason Kitchen (Capital Markets); Andrew Purcell and Nicole Humphrey (Tax); Melanie Jolson (Intellectual Property); Pasco Struhs (Executive Compensation and Employee Benefits); and Jennie Getsin (Blue Sky).

Involved fees earner: David Azarkh – Simpson Thacher & Bartlett; John Ericson – Simpson Thacher & Bartlett; Jennie Getsin – Simpson Thacher & Bartlett; Nicole Humphrey – Simpson Thacher & Bartlett; Melanie Jolson – Simpson Thacher & Bartlett; Jason Kitchen – Simpson Thacher & Bartlett; Andrew Purcell – Simpson Thacher & Bartlett; Pasco Struhs – Simpson Thacher & Bartlett; Christine Turner – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Bank of America Securities; Barclays Capital ; J.P. Morgan Securities LLC; KeyBanc Capital Markets; UBS;

Author: Ambrogio Visconti