Category: Debt Issuance

Mortgage REIT PennyMac Investment Trust (PMT) has priced a new issue of senior notes.

The issue prices at 9% for 4 million shares (bonds) which have a maturity date of 6/15/2030.

PMT has 2 other senior note issues with coupons of 8.50% and 9% respectively show below-

The pricing term sheet can be found here.

Asset manager KKR & Co has priced their previously announced baby bonds.

The issue prices at 6.875% and have a maturity date of 6/1/2065.

This is an investment grade issue from S&P and Fitch, although the company has the right to defer interest payments for 5 consecutive years without a default being declared.

The pricing term sheet is here.

KKR & Co has announced they will be selling a new issue of $25 baby bonds.

The issue will have a maturity date way out in 2065 with early redemption available in 2030.

The company will have the right to defer interest payments for up to 5 years consecutive years without a default being declared.

The preliminary prospectus can be read here.

Thanks to Vito for catching this one. Also Jerrymac chimed in with yield talk in the 7-7.125% area.

Mortgage REIT Angel Oak (AOMR) has announced pricing on their new issue of $25 notes and it is a super high yield of 9.75%.

There is no OTC trading of baby bonds prior to exchange listing

The pricing term sheet can be read here.

Smallish mREIT Angel Oak Mortgage REIT (AOMR) has announced they will be selling a new senior note offering with a maturity date in 2030.

The company had issued a 9.50% issue last July which has traded around $25 since issuance.

Nothing special about this new offering although there is a clause to make an offer to repurchase at 101% in the event of a change of control.

To see the preliminary prospectus go here.

Thank you very much to J for being on this one.