New York Mortgage Trust Inc. $(NYMT)$, a Maryland corporation, announced the successful issuance and sale of $90 million in aggregate principal amount of its 9.875% Senior Notes due 2030. The transaction, which closed on July 8, 2025, included a $5 million issuance through the partial exercise of an over-allotment option by the underwriters. The offering was conducted under NYMT's registration statement on Form S-3, with the prospectus and supplements filed with the Securities and Exchange Commission. The net proceeds, expected to be approximately $86.6 million, will be used for general corporate purposes, including acquiring targeted assets related to mortgages and residential housing. The underwriters, led by Morgan Stanley & Co. LLC and others, facilitated the transaction.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NYMT - New York Mortgage Trust Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-25-066422), on July 08, 2025, and is solely responsible for the information contained therein.
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