debt
confidence high
sentiment neutral
materiality 0.75
Angel Oak Mortgage REIT closes $50M offering of 9.500% Senior Notes due 2029
Angel Oak Mortgage REIT, Inc.
- $50.0M aggregate principal of 9.500% Senior Notes due July 30, 2029, issued in underwritten public offering.
- Interest payable quarterly on Jan 30, Apr 30, Jul 30, Oct 30, starting Oct 30, 2024.
- Notes callable at 100% of principal plus accrued interest at company's option on or after Jul 30, 2026.
- Change of control triggers repurchase offer at 101% of principal plus accrued interest.
- Notes to be listed on NYSE under symbol 'AOMN'; trading expected within 30 days.