| | |
FREE WRITING PROSPECTUS | | FILED PURSUANT TO RULE 433 |
(To the Prospectus dated May 28, 2013, as supplemented by | | REGISTRATION NO. 333-188872 |
the Prospectus Supplement dated September 24, 2013) | | SEPTEMBER 24, 2013 |
$225,000,000
NATIONSTAR MORTGAGE LLC
NATIONSTAR CAPITAL CORPORATION
6.500% Senior Notes due 2018
| | | | | | | | |
| Issuers: | | | Nationstar Mortgage LLC and Nationstar Capital Corporation |
| |
| Guarantors: | | | The notes will be fully and unconditionally guaranteed on an unsecured senior basis by each of Nationstar Mortgage LLC’s existing and future domestic subsidiaries, other than its securitization and certain finance subsidiaries, certain other restricted subsidiaries and subsidiaries that in the future are designated as excluded restricted and unrestricted subsidiaries, and by Nationstar Mortgage Holdings Inc., Nationstar Sub1 LLC and Nationstar Sub2 LLC |
| |
| Security Description: | | | 6.500% Senior Notes due 2018 |
| |
| Principal Amount: | | | $225,000,000 |
| |
| Gross Proceeds: | | | $225,000,000 |
| |
| Coupon: | | | 6.50% |
| |
| Maturity: | | | August 1, 2018 |
| |
| Price to Public: | | | 100.00%, plus accrued interest, if any, from July 22, 2013 |
| |
| Yield to Worst: | | | 6.50% |
| |
| Spread to Treasury: | | | 545 basis points |
| |
| Benchmark: | | | 2.375% UST due July 31, 2017 |
| |
| Ratings (1): | | | B2 / B+ |
| |
| Interest Payment Dates: | | | February 1 and August 1, commencing on February 1, 2014 |
| |
| Make-Whole: | | | Make-whole call at T+50 basis points prior to August 1, 2015 |
| |
| Optional Redemption: | | | On or after August 1, 2015, optional redemption during the twelve month period beginning on August 1 of the years indicated below at the following percentages of the principal amount (plus accrued and unpaid interest, if any): |
| | | |
| | | Year | | Percentage | | |
| | | | 2015 2016 2017 and thereafter | | 103.250%
101.625% 100.000% | | |
| |
| Optional Redemption with Equity Proceeds: | | | On or prior to August 1, 2015, up to 35.0% of the principal amount of all notes issued at a redemption price equal to 106.500% (plus accrued and unpaid interest, if any) with the net cash proceeds of one or more Equity Offerings |
| |
| Change of Control: | | | 101% plus accrued and unpaid interest, if any |
| |
| Trade Date: | | | September 24, 2013 |
| |
| Settlement Date: | | | September 26, 2013 (T+2) |
| |
| CUSIP Number / ISIN: | | | 63860U AM2 / US63860UAM27 |
| |
| Min. Allocation: | | | $2,000 |
| |
| Increments: | | | $1,000 |
| |
| Gross Spread: | | | 1.500% |
| |
| Book-Running Manager: | | | Credit Suisse Securities (USA) LLC |
(1) | These securities ratings have been provided by Moody’s and S&P. Neither of these ratings is a recommendation to buy, sell or hold these securities. Each rating may be subject to revision or withdrawal at any time, and should be evaluated independently of any other rating. |
This Term Sheet is qualified in its entirety by reference to the preliminary prospectus supplement, dated September 24, 2013 (the “Preliminary Prospectus Supplement”). The information in this Term Sheet supplements the Preliminary Prospectus Supplement and supersedes the information in the Preliminary Prospectus Supplement to the extent inconsistent with the information in the Preliminary Prospectus Supplement. Capitalized terms used but not defined in this Term Sheet have the respective meanings ascribed to them in the Preliminary Prospectus Supplement.
The issuers have filed a registration statement (including a prospectus and a prospectus supplement) with the Securities and Exchange Commission (SEC) for the offering to which this communication relates. Before you invest, you should read the prospectus and prospectus supplement in that registration statement and other documents the issuers have filed with the SEC for more complete information about the issuers and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuers, the underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Credit Suisse Securities (USA) LLC toll-free at 1-800-221-1037.
-2-