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PONTIAC, Mich. - UWM Holdings Corporation (NYSE:UWMC), a mortgage lender with a market capitalization of $10.3 billion, announced Tuesday it has commenced a private offering of $600 million in senior notes due 2031 through its direct subsidiary, UWM Holdings, LLC. According to InvestingPro data, the company currently maintains a current ratio of 1.25 while offering a substantial 6.19% dividend yield to shareholders.
The notes will be guaranteed on a senior unsecured basis by United Wholesale Mortgage, LLC, a wholly-owned subsidiary of UWM Holdings, and will rank equally in payment right with United Wholesale Mortgage’s existing senior unsecured notes.
The company plans to use the net proceeds from the offering, along with borrowings from its MSR Facilities, to repay its 5.5% Senior Notes due on November 15, 2025.
The notes will be offered only to qualified institutional buyers under Rule 144A of the Securities Act of 1933 and to certain non-U.S. persons in transactions outside the United States under Regulation S. The notes have not been registered under the Securities Act or other applicable securities laws and cannot be sold in the United States without registration or an exemption from registration requirements.
United Wholesale Mortgage operates as the nation’s largest home mortgage lender by closed loan volume and has been the largest wholesale mortgage lender for nine consecutive years, according to the company’s press release statement. The company originates primarily conforming and government loans across all 50 states and the District of Columbia. Despite trading at a relatively high P/E multiple of 85x, the stock has shown strong momentum with a 15.77% return over the past week. Discover more insights about UWMC’s valuation and growth prospects in the comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, UWM Holdings Corp reported its second-quarter earnings for 2025, significantly outperforming expectations. The company announced an earnings per share (EPS) of $0.16, which was notably higher than the forecasted $0.06. Additionally, UWM Holdings exceeded revenue projections, reporting $758.7 million compared to the anticipated $636.08 million. These results reflect a strong financial performance for the quarter. Analysts had previously set lower expectations, making the actual outcomes a positive surprise for investors. The earnings report highlights UWM Holdings’ ability to surpass market forecasts. This development is among the latest updates concerning the company’s financial health.
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