---
schema_version: "secwatch.filing_event.v1"
accession: "0001766478-22-000147"
form_type: "8-K"
ticker: "AOMR"
cik: "0001766478"
company_name: "Angel Oak Mortgage REIT, Inc."
filed_at: "2022-12-20T23:59:59+00:00"
generated_at: "2026-06-21T01:50:52.095097+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Angel Oak Mortgage converts $286M debt to non-mark-to-market, provides book value update

## Summary
- Converted ~$286M of mark-to-market debt to non-mark-to-market financing for all continually performing loans.
- Reduced outstanding warehouse debt by nearly 30%; released ~$35M of additional capital and liquidity.
- GAAP book value estimated at $9.35-$9.45 per share as of Nov 30, 2022, down from $10.63 on Sep 30.
- Economic book value estimated at $12.70-$12.80 per share, down from $12.93 on Sep 30.
- Terminated $75M committed loan financing line with Regional Bank 2 on Dec 15, 2022.

## SEC filing metadata
- accession: 0001766478-22-000147
- form_type: 8-K
- ticker: AOMR
- cik: 0001766478
- company_name: Angel Oak Mortgage REIT, Inc.
- filed_at: 2022-12-20T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 1.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1766478/000176647822000147/0001766478-22-000147-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1766478/000176647822000147/aomr-20221215.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001766478-22-000147
- JSON: https://secwatch.observer/filing/0001766478-22-000147.json
- Plain text: https://secwatch.observer/filing/0001766478-22-000147.txt

## Key facts
- Material Agreements
  Angel Oak Mortgage REIT, Inc. amended Fifth Amendment to Amended and Restated Master Repurchase Agreement and Second Amendment to Fee Letter with Global Investment Bank 3 (the "Lender") valued at up to $286.0 million (effective 2022-12-19).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Global Investment Bank 3 (the "Lender")
  - Value: up to $286.0 million
  - Effective: 2022-12-19
  source text: On December 19, 2022, Angel Oak Mortgage, Inc. (the “Company”) and one of its subsidiaries amended and restated their loan financing facility with a global investment bank, Global Investment Bank 3 (the “Lender”) pursuant to the Fifth Amendment to Amended and Restated Master Repurchase Agreement and Second Amendment to Fee Letter (the “Amendment”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1766478/000176647822000147/0001766478-22-000147-index.htm
- Material Agreements
  Angel Oak Mortgage REIT, Inc. amended Fourth Amended and Restated Guaranty Agreement with Global Investment Bank 3 (the "Lender") (effective 2022-12-19).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Global Investment Bank 3 (the "Lender")
  - Effective: 2022-12-19
  source text: In connection with the entry into the Amendment, the Company also amended and restated its guaranty in favor of the Lender by entering into a Fourth Amended and Restated Guaranty Agreement (the “Guaranty Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1766478/000176647822000147/0001766478-22-000147-index.htm
- Material Agreements
  Angel Oak Mortgage REIT, Inc. terminated a credit facility with Regional Bank 2 valued at up to $75.0 million (effective 2022-12-15).
  - Action: termination
  - Agreement: credit facility
  - Counterparty: Regional Bank 2
  - Value: up to $75.0 million
  - Effective: 2022-12-15
  source text: On December 15, 2022, the Company voluntarily terminated its committed loan financing line with a regional bank (“Regional Bank 2”) and accordingly, both the Company and Regional Bank 2 executed a Payoff Letter dated December 15, 2022 (the “Payoff Letter”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1766478/000176647822000147/0001766478-22-000147-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.