Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
Angel Oak Mortgage REIT, Inc. incurred credit facility of $250.0 million with Global Investment Bank 2 at Term SOFR Reference Rate plus a pricing spread ranging from 2.10% to 3.35% maturing March 27, 2026.
- Instrument
- credit facility
- Principal
- $250.0 million
- Counterparty
- Global Investment Bank 2
- Rate
- Term SOFR Reference Rate plus a pricing spread ranging from 2.10% to 3.35%
- Maturity
- March 27, 2026
- Event
- incurrence
Exact text from the filing
On Mach 28, 2024, Angel Oak Mortgage REIT, Inc. (the “Company”) and two of its subsidiaries (the “Subsidiaries”), entered into a $250.0 million repurchase facility agreement with a Lender, “Global Investment Bank 2” through the execution of a Master Repurchase Agreement (the “Master Repurchase Agreement”) between the Subsidiaries as sellers, Global Investment Bank 2 as buyer and the Company as Guarantor.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Angel Oak Mortgage REIT, Inc. entered into Master Repurchase Agreement with Global Investment Bank 2 (effective 2024-03-28).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Global Investment Bank 2
- Effective
- 2024-03-28
Exact text from the filing
THIS MASTER REPURCHASE AGREEMENT is made and entered into as of March 28, 2024 (as may be amended, restated, supplemented or otherwise modified from time to time, this “ Agreement ”), by and among * Global Investment Bank 2 (“ Buyer ”), AOMR TRS SPE, LLC, a Delaware limited liability company (“ Seller ”), and Spruce Mortgage Trust, a Delaware statutory trust (“ Trust Subsidiary ”).
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