Angel Oak Mortgage REIT Inc. recently announced the successful closure of a public offering, securing $40 million through the issuance of 9.750% Senior Notes due 2030. The arrangement involves an underwriting agreement with several financial institutions, including RBC Capital Markets, UBS Securities, Wells Fargo Securities, and Piper Sandler. Additionally, the company provided the underwriters a 30-day option to purchase an additional $6 million to cover potential over-allotments. These notes, guaranteed by Angel Oak Mortgage Operating Partnership, LP, carry an interest rate of 9.750% per annum, with quarterly payments starting September 1, 2025. This strategic financial move enhances the company's capital structure, providing flexibility for future growth and operations.
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