By Wendy Van Sickle
Columbus, Ohio, April 27 – New York Mortgage Trust, Inc. closed a private placement of $100 million of 5.75% senior notes due April 2026 at par, according to a news release.
The issuer plans to use proceeds to originate new investments, to repay outstanding debt and for general corporate purposes.
Piper Sandler & Co. acted as placement agent.
New York Mortgage is a New York-based real estate investment trust.
| Issuer: | New York Mortgage Trust, Inc.
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| Description: | Senior notes
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| Amount: | $100 million
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| Maturity: | April 2026
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| Placement agent: | Piper Sandler & Co.
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| Coupon: | 5.75%
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| Price: | Par
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| Settlement date: | April 27
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| Distribution: | Private placement
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