CoreLogic has upsized its debt offering by $50 million to $400 million and priced it at an annual interest rate of 7.25%. The senior notes are unsecured and will be due in 2021.
Processing Content
Net proceeds are expected to be used to repay a portion of the company's outstanding debt from its existing credit facility.
CoreLogic made the announcement of the offering's pricing Monday morning before the market opened. Its stock, which closed on Friday at $18.66 per share, opened at $18.19 per share before recovering and reaching $18.54 per share at 11:45 a.m., Monday morning.
The offering is expected to close on Thursday.
