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An update from Angel Oak Mortgage (AOMR) is now available.
Angel Oak Mortgage REIT, Inc. and its subsidiaries have secured a $250 million repurchase facility with Global Investment Bank 2, set to terminate in March 2026. This agreement follows similar terms and conditions as the company’s previous dealings, including a percentage-based advance on loans and an interest rate tied to the Term SOFR Reference Rate plus a pricing spread. The company guarantees the subsidiaries’ obligations and must adhere to financial covenants and is subject to default risks, which could lead to the liquidation of assets. Concurrently, a previous $250 million repurchase facility with the same bank was terminated.
Learn more about AOMR stock on TipRanks’ Stock Analysis page.
