Guild Holdings Company has announced the execution of an Agreement and Plan of Merger with Gulf MSR HoldCo, LLC and its subsidiary, Gulf MSR Merger Sub Corporation. As per the terms of the merger agreement, Gulf MSR Merger Sub will merge with and into Guild Holdings, with Guild Holdings continuing as a wholly-owned subsidiary of Gulf MSR HoldCo. The merger has been unanimously approved by Guild Holdings' board of directors. In addition, McCarthy Capital Mortgage Investors, LLC, which holds a majority of the company's voting power, has provided the necessary written consent for the merger. Gulf MSR HoldCo has secured equity financing commitments totaling up to $1.283 billion to fund the transaction.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.