SEC Filing Summary: New Residential Investment Corp. (Form 8-K)
Business Context and Reporting Period
This Current Report on Form 8-K was filed by New Residential Investment Corp. on August 20, 2015, reporting an event that occurred on August 14, 2015. The filing concerns the entry into a material definitive agreement regarding the Company's securitization structure.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt levels, or liquidity ratios. The report focuses exclusively on a contractual amendment to an indenture supplement.
Material Changes
On August 14, 2015, the Company entered into the Series 2012-VF2 Third Amended and Restated Indenture Supplement. The primary material change is the removal of a requirement that advance rates applicable to receivables related to any Class of Series 2012-VF2 Notes be reduced by 1.00% on and after August 15, 2015, and by an additional 1.00% on and after September 15, 2015. This amendment also incorporates the contents of Amendments No. 1 through 9 to the Series 2012-VF2 Second Amended and Restated Indenture Supplement.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, or outlook. No specific risks or contingencies are detailed beyond the context of the indenture amendment. There are no unusual items reported in this document.
Key Facts for Investor Verification
- Verify the impact of removing the scheduled 1.00% advance rate reductions on the Company's capital structure and liquidity.
- Confirm the full terms of the Series 2012-VF2 Third Amended and Restated Indenture Supplement (Exhibit 4.1).
- Review the relationship between New Residential Investment Corp. and the HLSS Servicer Advance Receivables Trust.
- Check for any subsequent filings that may detail the financial implications of this amendment.