Home Point Capital Inc. announced that it intends to offer in a private placement $500 million aggregate principal amount of Senior Notes due 2026, subject to market conditions. The Notes will be guaranteed by certain of Home Point Capital's wholly owned domestic restricted subsidiaries, including Homepoint. Home Point Capital intends to use up to 50% of the net proceeds from the Offering (but in any event not to exceed $250 million) to fund a distribution to its owners following the closing of the Offering and the remainder to repay outstanding amounts under its mortgage servicing rights financing facility.