Angel Oak Mortgage REIT Inc.
11/04/2024 | Press release | Distributed by Public on 11/04/2024 15:25
Material Agreement Form 8 K
Item 1.01 Entry into a Material Definitive Agreement.
On November 1, 2024, Angel Oak Mortgage REIT, Inc. (the "Company") and two of its subsidiaries (the "Subsidiaries"), amended a $200.0 million Master Repurchase Agreement with a Lender, "Global Investment Bank 3". Pursuant to the Master Repurchase Agreement, the termination date of the loan financing facility is extended to November 1, 2025, unless such term is extended or terminated earlier pursuant to the terms of the Master Repurchase Agreement.
Amended terms include adjusting the interest rate pricing margin to a range of 1.90% to 4.75%, based on loan status, dwell time and other factors. Additionally, the 20 basis point index spread adjustment has been eliminated.
A copy of the Conformed Second Amend and Restated Master Repurchase Agreement is attached hereto as Exhibit 10.1 and incorporated herein by reference.
Exhibit No.
| Exhibit 10.1 | + |
Conformed Second Amend and Restated Master Repurchase Agreement among Angel Oak Mortgage Fund TRS, Angel Oak Mortgage Operating Partnership, LP and Global Investment Bank 3 dated November 1, 2024.
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| Exhibit 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
+ Portions of this exhibit are redacted pursuant to Item 601(b)(10)(iv) of Regulation S-K.