Mr Cooper Group Inc (COOP)

[t1215s]

Killing time on the diet, for ur reading pleasure
WAND MERGER CORPORATION’S $1.7 BILLION SENIOR NOTES OFFERING (NEWS JULY 13, 2018)

Shearman & Sterling represented Credit Suisse Securities (USA) LLC, Jefferies LLC, Deutsche Bank Securities Inc., HSBC Securities (USA) Inc., Goldman Sachs & Co. LLC, KKR Capital Markets LLC and Morgan Stanley & Co. LLC, as joint book-running managers, in connection with a Rule 144A/Regulation S offering of $950 million aggregate principal amount of 8.125% senior notes due 2023 and $750 million aggregate principal amount of 9.125% senior notes due 2026 (collectively, the “Notes”) of (((the merger sub))))Wand Merger Corporation (the “Issuer”), a wholly owned subsidiary of WMIH Corp. (WMIH). The Notes are being issued in connection with the acquisition by WMIH of all of the outstanding equity interests of Nationstar Mortgage Holdings Inc. The Issuer has entered into an Agreement and Plan of Merger with WMIH and Nationstar, pursuant to which the Issuer will merge with and into Nationstar, with Nationstar surviving as a wholly owned subsidiary of WMIH.
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In some countries, licensing regulations make the formation of new companies difficult or impossible. If a parent company acquires a subsidiary that already has the 0k. A parent company usually selects companies to become wholly-owned subsidiaries that it considers vital to its overall success as a business
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