New York Mortgage Trust, Inc. announced the pricing of an underwritten public offering of $85 million aggregate principal amount of its 9.875% senior notes due 2030. This represents another step in the company's strategy to secure longer-term financing.
The company has granted the underwriters a 30-day option to purchase up to an additional $12.75 million aggregate principal amount of the notes. The offering is expected to close on July 8, 2025, subject to customary closing conditions.
This additional capital infusion will support the company's continued investment in income-generating assets and its overall strategic repositioning. The 9.875% coupon rate reflects market conditions for this type of debt.
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