Two Harbors Completes $115 Million Senior Notes Issuance

Two Harbors ( (TWO) ) has provided an announcement.

On May 13, 2025, Two Harbors Investment Corp., a Maryland corporation, completed the issuance and sale of $115.0 million in 9.375% Senior Notes due 2030. This issuance includes $15.0 million from the exercise of an over-allotment option by underwriters. The notes, which are senior unsecured obligations, were sold at 100% of their principal amount and will mature on August 15, 2030, with interest payable quarterly. The proceeds, approximately $110.8 million after expenses, will be used for general corporate purposes, potentially including debt refinancing, asset purchases, and equity repurchases. This financial maneuver is expected to impact the company’s debt structure and investment strategy significantly.

The most recent analyst rating on (TWO) stock is a Buy with a $14.50 price target. To see the full list of analyst forecasts on Two Harbors stock, see the TWO Stock Forecast page.

Spark’s Take on TWO Stock

According to Spark, TipRanks’ AI Analyst, TWO is a Neutral.

Two Harbors’ stock presents a mixed outlook. The company benefits from strong cash flow and strategic portfolio management, which are offset by inconsistent revenue, negative net income, and valuation concerns. The earnings call highlighted positive economic returns, but also emphasized challenges such as increased expenses and market volatility. Overall, the stock requires careful consideration due to its financial volatility and market uncertainties.

To see Spark’s full report on TWO stock, click here.

More about Two Harbors

Average Trading Volume: 1,515,676

Technical Sentiment Signal: Sell

Current Market Cap: $1.25B

For an in-depth examination of TWO stock, go to TipRanks’ Stock Analysis page.