debt
confidence high
sentiment neutral
materiality 0.60
Chimera Investment Corp issues $65M of 9.000% Senior Notes due 2029
CHIMERA INVESTMENT CORP
- Issued $65 million aggregate principal amount of 9.000% Senior Notes due May 15, 2029.
- Net proceeds approximately $62.5 million ($71.9 million if over-allotment exercised).
- Interest payable quarterly in arrears starting August 15, 2024.
- Proceeds to finance mortgage asset acquisitions and for general corporate purposes.
- Notes are senior unsecured obligations; redeemable at par on or after May 15, 2026.