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EX-99.1 - EXHIBIT 99.1 - HOME LOAN SERVICING SOLUTIONS, LTD. | d351987dex991.htm |
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): March 5, 2012
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) |
(IRS 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
Registrants 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 ( see General Instruction A.2. below):
¨ | 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)) |
Page 1 of 4
Exhibit Index on Page 4
Explanatory Note
On March 5, 2012, Home Loan Servicing Solutions, Ltd. (HLSS or the Company) completed an initial public offering (IPO) and a concurrent private placement of its ordinary shares from which we raised cash of $184,300 (the Offerings). Immediately thereafter, on March 5, 2012, we used $149,798 to acquire certain assets, net of assumed liabilities, from Ocwen Financial Corporation (the Initial Acquisition). The acquired assets related to mortgage servicing rights with respect to 116 pooling and servicing agreements with an aggregate unpaid principal balance (UPB) of approximately $15.2 billion as of March 5, 2012 (the Initial Mortgage Servicing Rights).
The Company included certain information as of December 31, 2011 about the assets to be acquired and the liabilities to be assumed in its final prospectus dated February 28, 2012. Because these assets do not comprise a predecessor or acquired business with financial statements, the Company is filing a statement of assets acquired and liabilities assumed in connection with the Initial Acquisition.
This Form 8-K is being filed to include the financial information referred to in Item 8.01(a), below, related to the Initial Acquisition and to provide the report of the independent registered public accountants.
Item 8.01 Other Events
(a) | Statement of Assets Acquired and Liabilities Assumed. |
Attached hereto as Exhibit 99.1 and incorporated by reference into this Item 8.01(a) is a Statement of Assets Acquired and Liabilities Assumed by Home Loan Servicing Solutions, Ltd. related to the Initial Acquisition at March 5, 2012 and accompanying notes thereto.
The following exhibits are filed as part of this report:
Exhibit |
Description | |
99.1 | Statement of Assets Acquired and Liabilities Assumed at March 5, 2012 and accompanying notes thereto. |
Page 2 of 4
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 and Chief Accounting Officer (On behalf of the Registrant and as its principal financial officer) |
Date: May 11, 2012
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INDEX TO EXHIBITS
Exhibit No. |
Description | |
99.1 | Statement of Assets Acquired and Liabilities Assumed at March 5, 2012 and accompanying notes thereto. |
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