UWM Holdings Corporation Announces Price of $ 700 Million 5.500% Senior Bonds Due 2029

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(NYSE: UWMC) – UWM Holdings Corporation (“UWMC”) today announced that its indirect subsidiary, United Wholesale Mortgage, LLC (“UWM”), has priced its offering in the aggregate principal amount of $ 700 million of 5.500% Senior Notes due 2029 (the “Notes”). UWM expects the Notes to close on April 7, 2021. The Notes will bear an interest rate of 5.500% and will be issued at a price of 100% of their face value.

UWM intends to use the net proceeds of the offering to repay outstanding amounts under its MSR facility and the remainder for general corporate purposes.

The Securities will be offered in the United States only to persons reasonably considered to be qualified institutional buyers in accordance with Rule 144A of the Securities Act of 1933, as amended (the “Securities Act”), and to certain non-US persons under transactions outside the United States based on Regulation S under the Securities Act. The Notes have not been registered under the Securities Act or the securities laws of any other jurisdiction, and may not be offered or sold in the United States absent an applicable registration or exemption. the registration requirements of the Securities Act and applicable securities laws of any other jurisdiction. This press release does not and will not constitute an offer to sell the Tickets or the solicitation of an offer to buy the Tickets, and there will be no sale of the Tickets in any jurisdiction in which such an offer, solicitation or sale would be illegal.

About UWM Holdings Corporation and United Wholesale Mortgage

Based in Pontiac, Michigan, UWM Holdings Corporation is the publicly traded indirect parent company of United Wholesale Mortgage, LLC (“UWM”). UWM underwrites and provides closing documents for residential mortgages issued by independent mortgage brokers, correspondents, small banks, and local credit unions in all 50 states and the District of Columbia.

Forward-looking statements

This press release includes forward-looking statements regarding the offering of the Notes and the intended use of the net proceeds. These forward-looking statements may be affected by risks and uncertainties relating to UWM’s business and market conditions. UWM wishes to caution readers that certain important factors may have affected and could affect UWM’s actual results in the future and could cause UWM’s actual results for subsequent periods to differ materially from those expressed in any forward-looking statements. made by or on behalf of UWM, including the risk that the offer of the Notes may not be successfully completed. UWM assumes no obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20210330006127/en/

Contacts

Nicole yelland
Public relations strategist
United Wholesale Mortgages
800-981-8898 ext 4815
[email protected]

Investor Relations
Investor [email protected]

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