Chimera Investment Corporation Announces Closing of Public Offering of $74.75 Million Senior Notes
2024年8月20日 - 5:13AM
ビジネスワイヤ(英語)
Chimera Investment Corporation (NYSE: CIM) (the “Company”)
announced today that it has closed its previously announced
underwritten public offering of $74.75 million aggregate principal
amount (including $9.75 million issued pursuant to the
over-allotment option) of its 9.250% senior notes due 2029 (the
“Notes”). The Company has been authorized to list the Notes on the
New York Stock Exchange under the symbol “CIMO” and expects trading
in the Notes on the New York Stock Exchange to begin on August 22,
2024. The Notes have received an investment grade rating of BBB
from Egan-Jones Ratings Company, an independent, unaffiliated
rating agency.
“Today’s bond offering, our second for 2024, brings our total
unsecured debt raise for the year to $140 million,” said Phillip J.
Kardis II, President and CEO. “We believe the ability to grow our
business through successful capital raising activities will benefit
our shareholders over the long-term.”
Morgan Stanley & Co. LLC, RBC Capital Markets, LLC, UBS
Securities LLC, Wells Fargo Securities, LLC, Keefe, Bruyette &
Woods, Inc., and Piper Sandler & Co. served as joint
book-running managers for the offering. Hunton Andrews Kurth LLP
acted as legal advisor to the Company. Venable LLP acted as
Maryland counsel to the Company. Ropes & Gray LLP acted as
legal advisor to the joint book-running managers.
The Notes were offered under the Company’s existing shelf
registration statement filed with the Securities and Exchange
Commission (the “SEC”).
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 Chimera Investment Corporation
Chimera is a publicly traded real estate investment trust, or
REIT, that is primarily engaged in the business of investing
directly or indirectly through its subsidiaries, on a leveraged
basis, in a diversified portfolio of mortgage assets, including
residential mortgage loans, Agency RMBS, Non-Agency RMBS, Agency
CMBS, and other real estate related securities.
Forward-Looking Statements
This press release includes “forward-looking statements” within
the meaning of the safe harbor provisions of the United States
Private Securities Litigation Reform Act of 1995, including, but
not limited to, statements regarding the offering and the intended
use of proceeds. Actual results may differ from expectations,
estimates and projections and, consequently, readers should not
rely on these forward-looking statements as predictions of future
events. Words such as “expect,” “target,” “assume,” “estimate,”
“project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,”
“may,” “will,” “could,” “should,” “believe,” “predicts,”
“potential,” “continue,” and similar expressions are intended to
identify such forward-looking statements. These forward-looking
statements involve significant risks and uncertainties that could
cause actual results to differ materially from expected results,
including, among other things, those described in our most recent
Annual Report on Form 10-K, and any subsequent Quarterly Reports on
Form 10-Q and Current Reports on Form 8-K, under the caption “Risk
Factors.” Factors that could cause actual results to differ
include, but are not limited to: our business and investment
strategy; our ability to accurately forecast the payment of future
dividends on our common and preferred stock, and the amount of such
dividends; our ability to determine accurately the fair market
value of our assets; availability of investment opportunities in
real estate-related and other securities, including our valuation
of potential opportunities that may arise as a result of current
and future market dislocations; our expected investments; changes
in the value of our investments, including negative changes
resulting in margin calls related to the financing of our assets;
changes in inflation, interest rates and mortgage prepayment rates;
prepayments of the mortgage and other loans underlying our
mortgage-backed securities, or MBS, or other asset-backed
securities, or ABS; rates of default, forbearance, deferred
payments, delinquencies or decreased recovery rates on our
investments; general volatility of the securities markets in which
we invest; our ability to maintain existing financing arrangements
and our ability to obtain future financing arrangements; our
ability to effect our strategy to securitize residential mortgage
loans; interest rate mismatches between our investments and our
borrowings used to finance such purchases; effects of interest rate
caps on our adjustable-rate investments; the degree to which our
hedging strategies may or may not protect us from interest rate
volatility; the impact of and changes to various government
programs; impact of and changes in governmental regulations, tax
law and rates, accounting guidance, and similar matters; market
trends in our industry, interest rates, the debt securities markets
or the general economy; estimates relating to our ability to make
distributions to our stockholders in the future; our understanding
of our competition; our ability to find and retain qualified
personnel; our ability to maintain our classification as a real
estate investment trust, or, REIT, for U.S. federal income tax
purposes; our ability to maintain our exemption from registration
under the Investment Company Act of 1940, as amended, or 1940 Act;
our expectations regarding materiality or significance; and the
effectiveness of our disclosure controls and procedures.
Readers are cautioned not to place undue reliance upon any
forward-looking statements, which speak only as of the date made.
We do not undertake or accept any obligation to release publicly
any updates or revisions to any forward-looking statement to
reflect any change in its expectations or any change in events,
conditions or circumstances on which any such statement is based.
Additional information concerning these, and other risk factors is
contained in our most recent filings with the SEC. All subsequent
written and oral forward-looking statements concerning the Company
or matters attributable to the Company or any person acting on its
behalf are expressly qualified in their entirety by the cautionary
statements above.
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Chimera Investment Corporation Investor Relations Tel:
888-895-6557
Chimera Investment (NYSE:CIM)
過去 株価チャート
から 7 2024 まで 8 2024
Chimera Investment (NYSE:CIM)
過去 株価チャート
から 8 2023 まで 8 2024