Home Point Capital $550 million debut senior notes offering
We advised the initial purchasers on the high-yield notes offering

Davis Polk advised the representative of the initial purchasers in connection with the debut Rule 144A/Regulation S offering by Home Point Capital Inc. of $550 million aggregate principal amount of its 5.000% senior notes due 2026. Home Point Capital Inc. intends to use the net proceeds from the offering to fund a distribution to its owners and to repay indebtedness.

Homepoint is a leading mortgage originator and servicer focused on driving financially healthy and successful homeownership. Founded in 2015 and headquartered in Ann Arbor, Michigan, Homepoint works closely with a nationwide network of more than 5,500 mortgage broker and correspondent partners with deep knowledge and expertise about the communities and customers they serve. Today, Homepoint is the nation's third-largest wholesale mortgage lender and the 10th-largest non-bank mortgage lender.

The capital markets team included partner Michael Kaplan and associates Carrie Guo, Jordyn Giannone and David Giron. Counsel Kiara L. Rankin and associate Bree Gong provided tax advice. Partner Margaret E. Tahyar and associate Greg Swanson provided financial institutions advice. Counsel Daniel F. Forester and associate Shuang Ci provided intellectual property advice. All members of the Davis Polk team are based in the New York office.