Thursday, Angel Oak Mortgage REIT, Inc. (AOMR) announced that it will begin an underwritten public offering of senior notes, due 2029.
These Notes will be guaranteed on a senior unsecured basis by Angel Oak Mortgage Operating Partnership, LP, the entity that holds most of the Company's assets and conducts its operations.
The Company intends to use the majority of the net proceeds from the offering for general corporate purposes. This may involve acquiring 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.
Additionally, the Company plans to use the net proceeds from the offering to repurchase $5.0 million to $20.0 million of shares of its common stock held by Xylem Finance LLC, an affiliate of Davidson Kempner Capital Management LP.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.