New Residential Investment (NRZ) Announces 45M Share Public Offering of Common Stock
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New Residential Investment (NRZ) Prices 45M Share Common Offering at $10.10/Sh
April 15, 2021 5:44 AM EDTNew Residential Investment Corp. (NYSE: NRZ) announced today that it priced its underwritten public offering of 45,000,000 shares of its common stock at a public offering price of $10.10 per share. The offering is expected to close on April 19, 2021, subject to customary closing conditions. In... More
New Residential Investment (NRZ) to Acquire Caliber Home Loans for $1.68 Billion
April 14, 2021 7:14 AM EDTNew Residential Investment Corp. (NYSE: NRZ) announced today that it has entered into a definitive agreement with an affiliate of Lone Star Funds to acquire Caliber Home Loans, Inc.. With this acquisition, New Residential intends to bring together the platforms of Caliber and NewRez LLC, New Residentials wholly owned mortgage originator and servicer. The transaction is intended to close as quickly as possible, subject to various approvals and customary closing conditions, and is targeted for the third quarter of 2021.
We believe this is a terrific acquisition for our Company, said Michael Nierenberg, Chairman,... More
