debt
confidence high
sentiment neutral
materiality 0.50
Chimera issues $74.75M of 9.250% Senior Notes due 2029
CHIMERA INVESTMENT CORP
- Notes bear interest at 9.250% per year, payable quarterly, mature Aug 15, 2029.
- Net proceeds of ~$71.9M after underwriting discounts and expenses.
- Proceeds to finance mortgage asset acquisitions and for general corporate purposes.
- Notes are senior unsecured obligations, redeemable at par on or after Aug 15, 2026.
- Issued under indenture with Wilmington Trust; legal opinions from Venable and Hunton Andrews Kurth.