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Freedom Mortgage to launch $688.4 million term loan on Wednesday
By Sara Rosenberg
New York, March 13 – Freedom Mortgage Corp. is scheduled to hold a lender call at 11 a.m. ET on Wednesday to launch a $688.4 million senior secured term loan due Feb. 23, 2022, according to a market source.
Barclays and JP Morgan Chase Bank are the bookrunners on the deal.
Proceeds will be used to reprice an existing term loan.
Commitments are due at 5 p.m. ET on March 21, the source added.
Freedom Mortgage is a Mount Laurel, N.J.-based top tier residential mortgage company engaged in the origination, servicing, selling and securitizing of primarily agency-eligible residential mortgage loans.
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