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): December 10, 2009
OCWEN FINANCIAL CORPORATION
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Florida |
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1-13219 |
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65-0039856 |
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(State or Other Jurisdiction |
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(Commission File Number) |
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(I.R.S. Employer |
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of Incorporation) |
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Identification No.) |
1661 Worthington Road, Suite 100
West Palm Beach, FL 33409
(Address of principal executive offices including Zip Code)
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(561) 682-8000 |
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(Registrant’s telephone number, including area code) |
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(Not applicable) |
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(Former name or former address, if changed since last report) |
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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:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)
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Item 2.03 |
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. |
On December 10, 2009, the Company issued $210 million of notes under the Term Asset-Backed Securities Loan Facility (TALF) program that is administered by the Federal Reserve Bank of New York. These notes are secured by servicing advances and are scheduled to enter their amortization period in 30 months. The final maturity date is July 15, 2023. The interest rate on the notes is fixed at 4.14%.
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Item 8.01 |
Other Events. |
On December 10, 2009, the Company issued a press release announcing that it had disposed of 100% of its interest in Bankhaus Oswald Kruber GmbH & Co. KG. The transaction was finalized and consummated as of December 3, 2009.
A copy of the press release is attached as Exhibit 99.1 to this Form 8-K and incorporated by reference herein.
The information in this Item 8.01 and in Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934, regardless of any general incorporation language in such filing.
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Exhibit No. |
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Document |
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99.1 |
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Press release of Ocwen Financial Corporation dated December 10, 2009. |
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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.
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OCWEN FINANCIAL CORPORATION |
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(Registrant) |
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Dated: December 10, 2009 |
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/s/ David J. Gunter |
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Name: |
David J. Gunter |
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Title: |
Executive Vice President and |
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Chief Financial Officer |
Page 3 of 4
EXHIBIT INDEX
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Exhibit No. |
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Document |
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99.1 |
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Press release of Ocwen Financial Corporation dated December 10, 2009. |
Page 4 of 4