Company: TWO-PC
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001465740-25-000140
Chunk: 228

Company: TWO HARBORS INVESTMENT CORP.
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 8
Chunk 228
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 certain circumstances. The Company did not repurchase any of its convertible senior notes during the three and six months ended June 30, 2025. During both the three and six months ended June 30, 2024, the Company repurchased $10.0 million principal amount of its convertible senior notes in open market transactions for an aggregate cost of $9.7 million. The difference between the consideration transferred and the carrying value of the convertible senior notes repurchased resulted in a gain of $0.2 million for the three and six months ended June 30, 2024, which was recorded within the other income line item on the consolidated statements of comprehensive (loss) income.As of both June 30, 2025 and December 31, 2024, $261.9 million principal amount of convertible senior notes remained outstanding. The outstanding amount due on the convertible senior notes as of June 30, 2025 and December 31, 2024 was $260.9 million and $260.2 million, respectively, net of unamortized deferred issuance costs.

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Table of ContentsTWO HARBORS INVESTMENT CORP.Notes to the Consolidated Financial Statements (unaudited)

Future MaturitiesAt June 30, 2025, the Company had the following remaining maturities on its financing arrangements:(in thousands)Repurchase AgreementsRevolving Credit FacilitiesWarehouse Lines of CreditSenior NotesConvertible Senior NotesTotalRemainder of 2025$7,827,998 $— $9,275 $— $— $7,837,273 2026954,624 89,000 — — 260,944 1,304,568 2027— 922,871 — — — 922,871 2028— — — — — — 2029— — — — — — Thereafter— — — 110,867 — 110,867 Total$8,782,622 $1,011,871 $9,275 $110,867 $260,944 $10,175,579 

Note 14. Commitments and Contingencies 

The following represent the material commitments and contingencies of the Company as of June 30, 2025:Legal and regulatory. The Company and its subsidiaries are routinely involved in numerous legal and