Stearns Holdings, LLC – Seeks Authority for $1.5bn Mortgage Warehouse Facility with Barclays and Related Hedging Agreements

July 9, 2019 – The Debtors requested Court authority to enter into a new $1.5bn, post-petition warehouse facility with Barclays Bank PLC as agent (the “DIP Repo Facility”) pursuant to a Master Repurchase Agreement (the “DIP Repo Facility Agreement”). The DIP Repo Facility will refinance in full four prepetition warehouse facilities (the “Prepetition Repo Facilities”),…