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Ocwen Loan Servicing secures $120M term loan

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Ocwen Loan Servicing secures $120M term loan

Ocwen Loan Servicing LLC secured an additional $120 million term loan and added successor borrowers to its existing senior secured term loan facility, which is due to mature Dec. 5, 2020.

The maturity date, interest rate and other terms of the loan facility were not changed. As of March 18, there was $351.5 million outstanding under the facility.

Ocwen Loan Servicing is a subsidiary of Ocwen Financial Corp.