Ocwen Financial Corp. has completed an initial public offering of $30 million in equity and $125 million in debt.

The IPO of two million shares was priced at $15 by an underwriting group led by Friedman, Billings, Ramsay. The offering of notes, which mature in 2003, was priced at par with an 11.875% coupon.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.