New York Mortgage Trust Announces Completion of Private Placement of $100 Million of Senior Notes Due 2026
April 27 2021 - 4:44PM
New York Mortgage Trust, Inc. (Nasdaq: NYMT) (the “Company”)
announced today that it completed a private placement to eligible
purchasers of $100 million in aggregate principal amount of the
Company’s 5.75% senior unsecured notes due April 2026 at 100% of
par.
The Company intends to use the net proceeds from
the offering to originate new investments, repay outstanding
indebtedness and for general corporate purposes.
Piper Sandler & Co. served as placement
agent for the offering.
The notes have not been registered under the
Securities Act of 1933, as amended (the "Securities Act"), or any
state securities laws and, unless so registered, the securities may
not be offered or sold in the United States except pursuant to an
exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act and applicable
state securities laws.
This press release is neither an offer to sell
nor a solicitation of an offer to buy the notes or any other
securities and shall not constitute an offer to sell or a
solicitation of an offer to buy, or a sale of, the notes or any
other securities in any jurisdiction in which such offer,
solicitation or sale is unlawful.
About New York Mortgage Trust
New York Mortgage Trust, Inc. is a Maryland
corporation that has elected to be taxed as a real estate
investment trust (“REIT”) for federal income tax purposes. NYMT is
an internally managed REIT in the business of acquiring, investing
in, financing and managing primarily mortgage-related single-family
and multi-family 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. Forward-looking
statements involve numerous risks and uncertainties. The Company’s
actual results may differ from its 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 "anticipate," "estimate,"
"will," "should," "expect," "believe," "intend," "seek," "plan" and
similar expressions or their negative forms, or by references to
strategy, plans, or intentions. These forward-looking statements
are subject to risks and uncertainties, including, among other
things, those described in the Company's Annual Report on Form 10-K
for the year ended December 31, 2020 under “Item 1A. Risk Factors.”
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 Securities
and Exchange Commission, including reports on Forms 10-Q and 8-K.
The Company undertakes no obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events, or otherwise.
For Further Information
Mari NittaInvestor Relations AssociatePhone: 646-795-4066Email:
InvestorRelations@nymtrust.com
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