CCM to issue $500M in debt as Two Harbors deal nears closing
Fitch said CCM’s leverage may rise temporarily as it issues $500M in debt to fund its near-closing $1.26B deal to buy Two Harbors. The combined servicing portfolio would total $159B plus CCM’s $202B (Q1). Fitch noted a shift to unsecured debt could support liquidity, while ratings depend on reducing leverage toward 1.0x.



