Nationstar Soliciting Consents to Amend Bond Indenture

Nationstar Mortgage Holdings Friday said two of its subsidiaries are soliciting consents to amend a bond indenture from 2010 on 10.875% senior notes due 2015.

The notes, identified by the CUSIP number 63860U AB6, would conform the indenture’s covenants to covenants in an indenture governing 9.625% senior notes due 2019.

The company said the move is aimed at providing the issuers, Nationstar Mortgage LLC and Nationstar Capital Corp., with additional flexibility to raise additional debt financing as well as to enter into other transactions.

Nationstar said the consent solicitation expires on Aug. 31 at 5 p.m., Eastern time, unless extended or terminated earlier. Holders of record as of Aug. 23 are eligible to consent. The solicitation requires consent to be received from enough eligible holders to represent a majority of the aggregate principal amount of the notes outstanding by the record date.

Issuers would pay each eligible holder who has delivered and consented as required a fee of $30 for each $1,000 of principal amount of notes.

D.F. King & Co. is serving as information and tabulation agent and Credit Suisse Securities (USA) LLC is serving as solicitation agent.