Debevoise Advises Nationstar Mortgage on Merger with WMIH Corp.

13 February 2018

Debevoise & Plimpton LLP is advising NYSE-listed Nationstar Mortgage, a leading servicer and originator with its flagship brand Mr. Cooper®, on its merger with WMIH Corp.

Upon completion of the transaction, Nationstar shareholders will own approximately 36% of the combined company and WMIH shareholders will own approximately 64%. The aggregate consideration payable to Nationstar shareholders will consist of $1.2 billion in cash and shares of WMIH. In addition, approximately $1.9 billion of Nationstar’s existing senior unsecured notes will be refinanced at closing.

The Debevoise team is led by partner Kevin M. Schmidt and includes partners Jeffrey J. Rosen, David A. Brittenham, Peter A. Furci, Matthew E. Kaplan and Elizabeth Pagel Serebransky; counsel Christopher Rosekrans, Joshua M. Samit and J. Michael Snypes, Jr.; and associates Emily F. Huang, Peter J. Dalmasy, Samuel M. Duncan, Jose Angel Lamarque III, Milan Prodanovic, Molly D. Quinn, David R. Rock, Nicholas C. Scholten and Molly F. Stockley.

Debevoise & Plimpton LLP is a premier law firm with market-leading practices, a global perspective and strong New York roots. We deliver effective solutions to our clients’ most important legal challenges, applying clear commercial judgment and a distinctively collaborative approach.