New York Mortgage Trust, Inc. Announces Pricing of Public Offering of Senior Notes
New York Mortgage Trust (Nasdaq: NYMT) has announced the pricing of an underwritten public offering of $85 million in 9.875% senior notes due 2030. The company has also granted underwriters a 30-day option to purchase up to an additional $12.75 million in notes to cover over-allotments.
The notes will trade under the symbol "NYMTH" on the Nasdaq Global Select Market, with trading expected to begin within 30 days of issuance. The notes will pay interest quarterly in cash, starting October 1, 2025, and will mature on October 1, 2030. The company may redeem the notes, in whole or in part, at its option on or after October 1, 2027.
The offering, expected to close on July 8, 2025, will be used for general corporate purposes, including acquiring targeted assets and various mortgage-, residential housing- and credit-related assets.
New York Mortgage Trust (Nasdaq: NYMT) ha annunciato il prezzo di un'offerta pubblica garantita di 85 milioni di dollari in obbligazioni senior con cedola del 9,875% e scadenza 2030. La societ脿 ha inoltre concesso agli intermediari un'opzione di 30 giorni per acquistare fino a ulteriori 12,75 milioni di dollari in obbligazioni per coprire eventuali sovrassegnazioni.
Le obbligazioni saranno quotate con il simbolo "NYMTH" sul Nasdaq Global Select Market, con l'inizio delle negoziazioni previsto entro 30 giorni dall'emissione. Le obbligazioni pagheranno interessi trimestrali in contanti a partire dal 1掳 ottobre 2025 e scadranno il 1掳 ottobre 2030. La societ脿 potr脿 riscattare le obbligazioni, in tutto o in parte, a sua discrezione a partire dal 1掳 ottobre 2027.
L'offerta, che si prevede si concluda l'8 luglio 2025, sar脿 utilizzata per scopi societari generali, inclusi l'acquisizione di asset mirati e vari beni legati a mutui, abitazioni residenziali e crediti.
New York Mortgage Trust (Nasdaq: NYMT) ha anunciado la fijaci贸n del precio de una oferta p煤blica garantizada de 85 millones de d贸lares en bonos senior al 9,875% con vencimiento en 2030. La compa帽铆a tambi茅n ha otorgado a los suscriptores una opci贸n de 30 d铆as para comprar hasta 12,75 millones de d贸lares adicionales en bonos para cubrir sobresuscripciones.
Los bonos se negociar谩n bajo el s铆mbolo "NYMTH" en el Nasdaq Global Select Market, y se espera que las operaciones comiencen dentro de los 30 d铆as posteriores a la emisi贸n. Los bonos pagar谩n intereses trimestrales en efectivo, comenzando el 1 de octubre de 2025, y vencer谩n el 1 de octubre de 2030. La compa帽铆a podr谩 redimir los bonos, total o parcialmente, a su opci贸n a partir del 1 de octubre de 2027.
La oferta, que se espera cierre el 8 de julio de 2025, se utilizar谩 para fines corporativos generales, incluyendo la adquisici贸n de activos espec铆ficos y diversos activos relacionados con hipotecas, vivienda residencial y cr茅dito.
雺挫殨 氇赴歆� 韸鸽煬鞀ろ姼 (Nasdaq: NYMT)臧� 2030雲� 毵岅赴 9.875% 靹犾垳鞙� 毂勱秾 8,500毵� 雼煬鞚� 鞚胳垬 瓿惦臧�瓴╈潉 氚滍憸頄堨姷雼堧嫟. 須岇偓電� 霕愴暅 鞚胳垬鞚鸽摛鞐愱矊 於旉皜 1,275毵� 雼煬 靸侂嫻鞚� 毂勱秾鞚� 30鞚缄皠 於旉皜 毵れ瀰頃� 靾� 鞛堧姅 鞓奠厴鞚� 攵�鞐枅鞀惦媹雼�.
鞚� 毂勱秾鞚� 雮橃姢雼� 旮�搿滊矊 靺�霠夗姼 毵堨紦鞐愳劀 "NYMTH"霛茧姅 鞁臣搿� 瓯半灅霅� 鞓堨爼鞚措┌, 氚滍枆 頉� 30鞚� 鞚措偞鞐� 瓯半灅臧� 鞁滌瀾霅� 瓴冹溂搿� 氤挫瀰雼堧嫟. 毂勱秾鞚� 2025雲� 10鞗� 1鞚茧秬韯� 攵勱赴氤勲 順勱笀 鞚挫瀽毳� 歆�旮夗晿氅�, 毵岅赴電� 2030雲� 10鞗� 1鞚检瀰雼堧嫟. 須岇偓電� 2027雲� 10鞗� 1鞚� 鞚错泟 鞝勲秬 霕愲姅 鞚茧秬毳� 靹犿儩鞝侅溂搿� 靸來櫂頃� 靾� 鞛堨姷雼堧嫟.
鞚措矆 瓿惦電� 2025雲� 7鞗� 8鞚检棎 毵堦皭霅� 鞓堨爼鞚措┌, 鞚茧皹 旮办梾 氇╈爜, 韮�旯� 鞛愳偘 鞚胳垬 氚� 雼れ枒頃� 氇赴歆�, 欤柬儩 氚� 鞁犾毄 甏�霠� 鞛愳偘 頇曤炒鞐� 靷毄霅� 鞓堨爼鞛呺媹雼�.
New York Mortgage Trust (Nasdaq : NYMT) a annonc茅 le prix d'une offre publique souscrite de 85 millions de dollars en obligations senior 脿 9,875 % 茅ch茅ant en 2030. La soci茅t茅 a 茅galement accord茅 aux souscripteurs une option de 30 jours pour acheter jusqu'脿 12,75 millions de dollars suppl茅mentaires en obligations afin de couvrir les surallocations.
Les obligations seront n茅goci茅es sous le symbole "NYMTH" sur le Nasdaq Global Select Market, avec un d茅but des 茅changes pr茅vu dans les 30 jours suivant l'茅mission. Les obligations verseront des int茅r锚ts trimestriels en esp猫ces 脿 partir du 1er octobre 2025 et arriveront 脿 茅ch茅ance le 1er octobre 2030. La soci茅t茅 pourra racheter les obligations, en tout ou en partie, 脿 sa convenance 脿 partir du 1er octobre 2027.
L'offre, dont la cl么ture est pr茅vue le 8 juillet 2025, sera utilis茅e 脿 des fins g茅n茅rales d'entreprise, notamment pour l'acquisition d'actifs cibl茅s et divers actifs li茅s aux hypoth猫ques, au logement r茅sidentiel et au cr茅dit.
New York Mortgage Trust (Nasdaq: NYMT) hat die Preisfestsetzung eines unterzeichneten 枚ffentlichen Angebots von 85 Millionen US-Dollar in 9,875% Senior Notes mit F盲lligkeit 2030 bekanntgegeben. Das Unternehmen hat den Underwritern zudem eine 30-t盲gige Option einger盲umt, bis zu weitere 12,75 Millionen US-Dollar an Notes zu erwerben, um 脺berzeichnungen abzudecken.
Die Notes werden unter dem Symbol "NYMTH" am Nasdaq Global Select Market gehandelt, wobei der Handel voraussichtlich innerhalb von 30 Tagen nach Ausgabe beginnen wird. Die Notes zahlen viertelj盲hrlich Zinsen in bar, beginnend am 1. Oktober 2025, und laufen am 1. Oktober 2030 aus. Das Unternehmen kann die Notes ganz oder teilweise nach eigenem Ermessen ab dem 1. Oktober 2027 zur眉ckzahlen.
Das Angebot, das voraussichtlich am 8. Juli 2025 abgeschlossen wird, dient allgemeinen Unternehmenszwecken, einschlie脽lich des Erwerbs gezielter Verm枚genswerte sowie verschiedener hypotheken-, wohnungs- und kreditbezogener Verm枚genswerte.
- High-yield notes offering 9.875% quarterly interest payments
- Additional $12.75M over-allotment option provides flexibility for increased capital raise
- Notes will be listed on Nasdaq, providing liquidity for investors
- Significant debt obligation with $85M principal amount
- High interest rate of 9.875% indicates substantial cost of capital
- New debt could increase company's financial leverage and interest expense burden
Insights
NYMT's $85M senior notes offering at 9.875% indicates higher borrowing costs but provides strategic capital for mortgage-related investments.
New York Mortgage Trust has priced an $85 million offering of senior notes with a notably high
The five-year maturity with redemption flexibility after October 2027 provides NYMT with medium-term capital while maintaining strategic flexibility. However, the quarterly interest payments represent a significant ongoing obligation of approximately
The
The overallotment option of
NYMT's stated use of proceeds for "general corporate purposes" and acquiring mortgage-related assets gives management flexibility but offers limited visibility into the specific deployment strategy. Investors should monitor how effectively management deploys this capital into higher-yielding assets to generate positive spread above this relatively expensive debt.
NEW YORK, June 30, 2025 (GLOBE NEWSWIRE) -- New York Mortgage Trust, Inc. (Nasdaq: NYMT) (the 鈥淐ompany鈥�) announced today the pricing of an underwritten public offering of
The Company has applied to list the Notes on the Nasdaq Global Select Market (鈥淣asdaq鈥�) under the symbol 鈥淣YMTH鈥� and, if the application is approved, expects trading in the Notes on Nasdaq to begin within 30 days after the Notes are first issued.
The Company intends to use the net proceeds of the offering for general corporate purposes, which may include, among other things, acquiring the Company鈥檚 targeted assets and various other types of mortgage-, residential housing- and credit-related assets that the Company may target from time to time and general working capital purposes.
The Notes will be senior unsecured obligations of the Company and pay interest quarterly in cash on January 1, April 1, July 1 and October 1 of each year, commencing October 1, 2025. The Notes will mature on October 1, 2030, and may be redeemed, in whole or in part, at any time, or from time to time, at the Company鈥檚 option on or after October 1, 2027.
Morgan Stanley & Co. LLC, Keefe, Bruyette & Woods, Inc., Piper Sandler & Co., RBC Capital Markets, LLC, UBS Investment Bank and Wells Fargo Securities, LLC acted as joint book-running managers of the offering.
The offering was made pursuant to the Company鈥檚 existing shelf registration statement, which was declared effective by the Securities and Exchange Commission (the 鈥淪EC鈥�) on August 5, 2024. The offering of these securities was made only by means of a prospectus and a related prospectus supplement, which will be filed with the SEC. Copies of the prospectus and prospectus supplement related to this offering may be obtained, when available, by contacting:
Morgan Stanley & Co. LLC
180 Varick St., 2nd Floor, New York, New York 10014
Attn: Prospectus Department
Toll-Free: 1-800-584-6837
Keefe, Bruyette & Woods, Inc.
787 Seventh Avenue, 4th Floor
New York, New York 10019
Toll-Free: 1-800-966-1559
Piper Sandler & Co.
1251 Avenue of the Americas, 6th Floor, New York, NY 10020
Attn: Debt Capital Markets
Email: [email protected]
RBC Capital Markets, LLC
Brookfield Place
200 Vesey Street, 8th Floor
New York, NY 10281
Email: [email protected]
Toll-Free: 1-866-375-6829
UBS Investment Bank
1285 Avenue of the Americas, New York, New York 10019
Attn: Prospectus Department
Toll-Free: 1-833-481-0269
Wells Fargo Securities, LLC
608 2nd Avenue South, Suite 1000, Minneapolis, MN 55402
Attn: WFS Customer Service
贰尘补颈濒:听飞蹿蝉肠耻蝉迟辞尘别谤蝉别谤惫颈肠别蔼飞别濒濒蝉蹿补谤驳辞.肠辞尘
Toll-Free: 1-800-645-3751
This press release shall not constitute an offer to sell or the solicitation of an offer to buy the Notes or any other securities, nor shall there be any sale of such Notes or any other securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.
About New York Mortgage Trust, Inc.
New York Mortgage Trust, Inc. is a Maryland corporation that has elected to be taxed as a real estate investment trust (鈥淩EIT鈥�) for federal income tax purposes. NYMT is an internally managed REIT in the business of acquiring, investing in, financing and managing primarily mortgage-related residential assets.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. Forward-looking statements involve numerous risks and uncertainties. The Company鈥檚 actual results may differ from the Company鈥檚 beliefs, expectations, estimates and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Forward-looking statements are not historical in nature and can be identified by words such as 鈥渁nticipate,鈥� 鈥渆stimate,鈥� 鈥渨ill,鈥� 鈥渟hould,鈥� 鈥渆xpect,鈥� 鈥渂elieve,鈥� 鈥渋ntend,鈥� 鈥渟eek,鈥� 鈥減lan鈥� and similar expressions or their negative forms, or by references to strategy, plans, or intentions. Forward-looking statements are based on the Company鈥檚 beliefs, assumptions and expectations of the Company鈥檚 future performance, taking into account information currently available to the Company. No assurance can be given that the offering discussed above will be completed on the terms described or at all, or that the net proceeds of the offering will be used as indicated. Completion of the offering on the terms described and the application of the net proceeds of the offering are subject to numerous possible events, factors and conditions, many of which are beyond the control of the Company and not all of which are known to the Company. These forward-looking statements are subject to risks and uncertainties, including, without limitation, market conditions and those described under the heading 鈥淩isk Factors鈥� in the prospectus supplement relating to the offering and in the Company鈥檚 Annual Report on Form 10-K for the year ended December 31, 2024 under 鈥淚tem 1A. Risk Factors鈥� and the Company鈥檚 Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2025 under 鈥淚tem 1A. Risk Factors.鈥� Other risks, uncertainties, and factors that could cause actual results to differ materially from those projected may be described from time to time in reports the Company files with the SEC, including reports on Forms 10-Q and 8-K. All forward-looking statements speak only as of the date on which they are made. New risks and uncertainties arise over time, and it is not possible to predict those events or how they may affect the Company. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.
For Further Information
AT THE COMPANY
Investor Relations
Phone: 212-792-0107
Email:
FAQ
What is the interest rate and maturity date for NYMT's new senior notes?
How much is New York Mortgage Trust raising in their senior notes offering?
What will NYMT use the proceeds from the senior notes offering for?
When can NYMT redeem these senior notes?
What is the trading symbol for NYMT's new senior notes?
