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-CORRECTED - BofA Merrill Lynch to help Nationstar Mortgage go public.

BANKING AND CREDIT NEWS-January 23, 2012--CORRECTED - BofA Merrill Lynch to help Nationstar Mortgage go public(C)2012 M2 COMMUNICATIONS http://www.m2.com

(Corrects wrong period.)

In our story dated 23 January 2012 and headlined "BofA Merrill Lynch to help Nationstar Mortgage go public", please read in the second paragraph "in May 2011" instead of "in May 2010".

A corrected version follows:

23 January 2012 - Bank of America Merrill Lynch has been hired to underwrite Nationstar Mortgage Holdings' IPO, the US residential mortgage loan servicer said.

The company filed with the US securities regulator for the proposed transaction in May 2011.

The IPO may fetch up to USD400m (EUR309.6m). The net amount will be used for general corporate purposes, such as working capital and servicing acquisitions, Nationstar said.

Nationstar said its common stock had been authorised for listing on the New York Stock Exchange (NYSE) but did not disclose the ticker symbol or the number of shares it plans to float.

((Comments on this story may be sent to info@m2.com))

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Publication:M2 Banking & Credit News (BCN)
Date:Jan 23, 2012
Words:173
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