Two Harbors Investment Corp., a Maryland-based corporation, recently completed the issuance and sale of $115.0 million aggregate principal amount of its 9.375% Senior Notes due 2030. This includes $15.0 million aggregate principal amount issued through the exercise of the underwriters' over-allotment option. The senior notes were sold at 100% of the principal amount, bearing an interest rate of 9.375% per year, with interest payable quarterly. The company intends to use the net proceeds, approximately $110.8 million after deductions, for general corporate purposes including debt refinancing, asset purchases, and possible equity securities repurchase. The full prospectus is filed with the Securities Exchange Commission, but the document does not include a direct URL for online access.
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