Angel Oak Mortgage REIT, Inc. Announces Pricing of Public Offering of Senior Notes
Summary
Announces Pricing of Public Offering of Senior NotesAngel Oak Mortgage REIT, Inc. (NYSE: AOMR) (the Company) today announced that it has priced an underwritten public offering of $50,000,000 aggregate principal amount of its 9.500% Senior Notes due 2029 (the Notes). The Company intends to use the majority of the net proceeds from the offering for general corporate purposes, which may include the acquisition of non-qualified residential mortgage loans and other target assets primarily sourced from its affiliated proprietary mortgage lending platform or other target assets through the secondary market in a manner consistent with the Companys strategy and investment guidelines. The Company intends to apply to list the Notes on the New York Stock Exchange under the symbol AOMN and, if the application is approved, trading is expected to commence within 30 days of the closing of the offering.The offering is being made pursuant to an effective shelf registration statement and prospectus and related prospectus supplement, a copy of which, when available, may be obtained free of charge at the SECs website at www.sec.gov or from the underwriters by contacting: RBC Capital Markets, LLC at (866) 375-6829 (toll-free), UBS Securities LLC at (888) 827-7275 (toll-free), Wells Fargo Securities, LLC at (800) 645-3751 (U.S. toll-free) and Piper Sandler & Co. by emailing fsg-dcm@psc.com.This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the Companys securities, nor shall there be any sale of the Companys securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.This press release contains certain forward-looking statements that are subject to various risks and uncertainties, including, without limitation, statements relating to the Companys business plans. You are cautioned not to place undue reliance on these forwardlooking statements, which reflect the Companys views only as of the date of this press release. Except as required by applicable law, neither the Company nor any other person assumes responsibility for the accuracy and completeness of the forwardlooking statements.