debt
confidence high
sentiment neutral
materiality 0.60
Angel Oak Mortgage REIT announces $40M offering of 9.750% Senior Notes due 2030
Angel Oak Mortgage REIT, Inc.
- Aggregate principal $40M; underwriters have 30-day option to purchase up to $6M additional notes.
- Notes bear interest at 9.750% per annum, mature in 2030, fully guaranteed by Angel Oak Mortgage Operating Partnership.
- Net proceeds estimated at $38.2M ($44.1M if over-allotment exercised) for general corporate purposes, including acquiring residential mortgage loans.
- Underwriting agreement signed with RBC Capital Markets, UBS Securities, Wells Fargo Securities and Piper Sandler & Co.