UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of The Securities Exchange Act of 1934
Date of report (Date of earliest event reported): June 24, 2013 (June 21, 2013)
HOME LOAN SERVICING SOLUTIONS, LTD.
(Exact name of registrant as specified in its charter)
| Cayman Islands | 001-35431 | 98-0683664 | ||
| (State or other jurisdiction of incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
Home Loan Servicing Solutions, Ltd.
c/o Walkers Corporate Services Limited
Walker House, 87 Mary Street
George Town, Grand Cayman
KY1-9005
Cayman Islands
(Address of principal executive office)
Registrant’s telephone number, including area code: (345) 945-3727
Not applicable.
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 8.01 Other Events.
On June 21, 2013, Home Loan Servicing Solutions, Ltd. allocated its proposed $350 million Senior Secured Term Loan facility. The loan is expected to carry an interest rate of LIBOR plus 3.50%, with a 1.00% LIBOR floor, and is expected to be issued at 98.50% of the face amount. The Senior Secured Term Loan facility is expected to close on or around June 27, 2013.
The terms and conditions of the Senior Secured Term Loan facility have not been finalized and are subject to entering into definitive documentation. There can be no assurance that the Senior Secured Term Loan facility will be entered into as anticipated and with terms favorable to us or at all.
Forward-Looking Statements
Forward-looking statements made in this Current Report on Form 8-K reflect our current views with respect to future events and performance and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve risks and uncertainties, which may cause actual results to differ materially from those set forth in these statements. Our performance is also subject to factors identified in our other filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the dates on which they are made. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
The information contained in this Current Report on Form 8-K is not an offer to sell nor a solicitation of an offer to purchase any securities of the Company.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
| HOME LOAN SERVICING SOLUTIONS, LTD. | ||
| (Registrant) | ||
| By: | /s/ James E. Lauter | |
| James E. Lauter | ||
| Senior Vice President & Chief Financial Officer | ||
| (On behalf of the Registrant and as its principal financial officer) | ||
Date: June 24, 2013
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