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mREIT Angel Oak Mortgage to Sell New Baby Bonds

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.

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