New Residential Investment Corp. (NYSE:NRZ) Files An 8-K Entry into a Material Definitive AgreementItem 1.01.
Entry into a Material Definitive Agreement.
On November 15, 2017, New Residential Investment Corp. (the “Company”), NRZ Advance Receivables Trust 2015-ON1 (an indirect subsidiary of the Company, the “Issuer”), HLSS Holdings, LLC (an indirect subsidiary of the Company, “HLSS”), Deutsche Bank National Trust Company (“Deutsche Bank”), Ocwen Loan Servicing, LLC (“Ocwen”), New Residential Mortgage LLC (a subsidiary of the Company, “NRM”), and Credit Suisse AG, New York Branch (“Credit Suisse”) amended the Series 2015-VF1 Indenture Supplement related to the Series 2015-VF1 Notes (the “Series 2015-VF1 Notes”). The Series 2015-VF1 Notes are issued under the Amended and Restated Indenture dated as of August 17, 2017 (the “Indenture”), by and among the Issuer, Deutsche Bank, Ocwen, HLSS, NRM and Credit Suisse.
The Series 2015-VF1 Indenture Supplement was amended to (i) extend the revolving period for the variable funding notes to March 23, 2018, (ii) reduce the maximum principal balance of the Series 2015-VF1 Notes to $425,000,000, (iii) lower certain interest margins on the variable funding notes (as well as to incorporate certain related conforming changes) and (iv) reduce the undrawn fee rate on the variable funding notes.
The Series 2015-VF1 Indenture Supplement is incorporated by reference to the Company’s quarterly report on Form 10-Q for the quarterly period ended September 30, 2015. The Indenture is incorporated by reference to the Company’s Current Report on Form 8-K, filed August 22, 2017. A copy of the amendment to the Series 2015-VF1 Indenture Supplement is attached to this Current Report on Form 8-K as Exhibit 4.1 and is incorporated by reference herein.
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Item 9.01. |
Financial Statements and Exhibits. |
(d)Exhibits
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Exhibit Number |
Description |
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4.1 |
Amendment No. 7 to Series 2015-VF1 Indenture Supplement, dated as of November 15, 2017, by and among NRZ Advance Receivables Trust 2015-ON1, Deutsche Bank National Trust Company, Ocwen Loan Servicing, LLC, HLSS Holdings, LLC, New Residential Mortgage LLC, Credit Suisse AG, New York Branch and New Residential Investment Corp. |
EXHIBIT INDEX
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Exhibit Number |
Description |
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Amendment No. 7 to Series 2015-VF1 Indenture Supplement, dated as of November 15, 2017, by and among NRZ Advance Receivables Trust 2015-ON1, Deutsche Bank National Trust Company, Ocwen Loan Servicing, LLC, HLSS Holdings, LLC, New Residential Mortgage LLC, Credit Suisse AG, New York Branch and New Residential Investment Corp. |
New Residential Investment Corp. ExhibitEX-4.1 2 s001967x1_ex4-1.htm EXHIBIT 4.1 Exhibit 4.1 EXECUTION COPY AMENDMENT NO. 7 TO SERIES 2015-VF1 INDENTURE SUPPLEMENT Amendment No. 7 to Series 2015-VF1 Indenture Supplement,…To view the full exhibit click here
About New Residential Investment Corp. (NYSE:NRZ)
New Residential Investment Corp. is a real estate investment trust (REIT). The Company is focused on investing in, and managing, investments related to residential real estate. The Company conducts its business through the segments, which include investments in excess mortgage servicing rights (MSRs), investments in servicer advances, investments in real estate securities, investments in real estate loans, investments in consumer loans and corporate. Its portfolio is composed of servicing related assets, residential securities and loans, and other investments. It has made over three direct investments in servicer advances, including the basic fee component of the related MSRs. It acquires and manages a portfolio of credit sensitive real estate securities, including non-agency and agency residential mortgage backed securities (RMBS). The Company has an interest in a pool of consumer loans, including unsecured and homeowner loans.