Angel Oak Mortgage REIT, Inc. Announces Public Offering of Senio
Summary
Angel Oak Mortgage REIT, Inc. (AOMR, Financial) announces public offering of senior notes due 2030. This strategic move aims to bolster the companys financial flexibility and is backed by a senior unsecured guarantee from Angel Oak Mortgage Operating Partnership, LP, the primary operational arm of the Company.The net proceeds from this offering are earmarked for general corporate purposes. These assets are primarily procured from its proprietary mortgage lending platform, or sourced from the secondary market, aligning with the companys investment strategy and guidelines.Leading financial institutions including RBC Capital Markets, LLC, UBS Investment Bank, Wells Fargo Securities, LLC, and Piper Sandler & Co. are taking charge as joint book-running managers for this offering. Additionally, B. Riley Securities, Inc. and Janney Montgomery Scott LLC have been designated as co-managers.The company plans to list the notes on the New York Stock Exchange under the symbol AOMD. This offering is being conducted under a previously established effective shelf registration statement, with prospects available through the SECs website or directly from the underwriters.