CrossCountry Mortgage Boosts Financial Strength with $600 Million Senior Notes Offering

CrossCountry Mortgage Launches $600 Million Senior Notes Offering

On November 18, 2025, CrossCountry Mortgage, LLC (CCM), recognized as the largest distributed-retail mortgage lender in the United States, announced a significant financial move by pricing its upsized offering of senior notes totaling $600 million. These notes, set to mature in 2032, carry a 6.750% interest rate and aim to bolster the company's financial framework amidst a competitive market landscape.

Details of the Offering

The issued notes will be guaranteed on a senior unsecured basis by CCM, along with any future domestic subsidiaries that might assume responsibility for any notable corporate debts. The offering is expected to close around November 21, 2025, pending the fulfillment of standard closing conditions. This tactical financial maneuver provides CCM with the necessary capital to enhance its operational efficiency and secure its market position.

The funds generated through this offering are earmarked for various purposes, primarily to mitigate a portion of the existing debt associated with mortgage servicing rights. In addition, the proceeds will be allocated towards covering related fees and general corporate expenses. The strategic use of funds positions CCM to manage its financial responsibilities effectively, relieving pressure on its balance sheet.

Compliance and Restrictions

It's important to note that the notes and their guarantees have been exclusively offered to institutional buyers believed to meet the criteria set forth by Rule 144A of the Securities Act of 1933, as well as certain non-U.S. entities in accordance with Regulation S of the same Act. This offering and related securities have not been registered under the Securities Act or the securities statutes of other jurisdictions, reinforcing the need for potential investors to be qualified before participation. Given this status, the notes cannot be sold or offered in the United States without requisite registration or exemptions.

Looking Ahead

The press release also includes forward-looking statements concerning the offering and the intended use of the proceeds, asserting a cautious but optimistic outlook. Stakeholders are reminded that various risks and uncertainties could influence CCM’s actual financial performance, potentially causing deviation from projected outcomes. The company has not committed to revising these forward-looking statements, emphasizing the dynamic nature of financial markets.

About CrossCountry Mortgage

CCM stands out in the mortgage industry, employing approximately 8,000 professionals across 980 retail branches while servicing loans throughout all 50 states, Washington D.C., and Puerto Rico. Their portfolio includes over 120 mortgage, refinance, and home equity solutions, illustrating their comprehensive approach to home financing. As a recognized lender authorized by Freddie Mac, Fannie Mae, and Ginnie Mae, and a member of the Inc. 5000 list of the fastest-growing private businesses, CCM has solidified its reputation as a leader in the mortgage sector.

With a strong commitment to customer service and an impressive growth trajectory, CrossCountry Mortgage continues to create favorable mortgage experiences for its customers, reinforcing its position as a trusted lender in the industry.