Angel Oak Mortgage Secures New $250M Repurchase Facility
Company Announcements

Angel Oak Mortgage Secures New $250M Repurchase Facility

An update from Angel Oak Mortgage (AOMR) is now available.

Angel Oak Mortgage REIT, Inc. and its subsidiaries have secured a $250 million repurchase facility with Global Investment Bank 2, set to terminate in March 2026. This agreement follows similar terms and conditions as the company’s previous dealings, including a percentage-based advance on loans and an interest rate tied to the Term SOFR Reference Rate plus a pricing spread. The company guarantees the subsidiaries’ obligations and must adhere to financial covenants and is subject to default risks, which could lead to the liquidation of assets. Concurrently, a previous $250 million repurchase facility with the same bank was terminated.

Learn more about AOMR stock on TipRanks’ Stock Analysis page.

Related Articles
TipRanks Auto-Generated NewsdeskAngel Oak Mortgage REIT, Inc. Reports Robust Q3 Growth
TheFlyAngel Oak Mortgage REIT shares ‘looking oversold,’ says BTIG
TipRanks Auto-Generated NewsdeskAngel Oak Mortgage to Announce Q3 2024 Results
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App