New York Mortgage Trust, Inc. Announces Pricing of Public Offering of Senior Notes
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New York Mortgage Trust, Inc. (NYMT) has announced the pricing of a public offering of $75 million in senior notes with a 9.125% interest rate, due in 2030. The offering includes an option for underwriters to purchase an additional $11.25 million. The closing is expected on January 14, 2025.
January 08, 2025 | 11:30 pm
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New York Mortgage Trust has priced a $75 million public offering of senior notes at 9.125% due 2030, with an option for an additional $11.25 million. This move could impact the company's debt profile and interest expenses.
The issuance of senior notes will increase NYMT's debt, potentially affecting its interest expenses and financial leverage. However, the impact on stock price is neutral as it is a planned financial strategy.
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