Company: MITN
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001514281-25-000062
Chunk: 184

Company: AG Mortgage Investment Trust, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 8
Chunk 184
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— 41,936 — 41,936 Non-Agency RMBS5,356 94,178 — — 99,534 Legacy WMC CMBS20,559 — — — 20,559 Agency RMBS736 — — — 736 Total Financing Arrangements$90,179 $591,372 $124,503 $— $806,054 Senior Unsecured NotesFebruary 2029 Senior Unsecured Notes$— $— $— $34,500 $34,500 May 2029 Senior Unsecured Notes— — — 65,000 65,000 Total Senior Unsecured Notes$— $— $— $99,500 $99,500   CounterpartiesThe Company had outstanding financing arrangements with six counterparties as of March 31, 2025 and December 31, 2024.The following table presents information as of March 31, 2025 and December 31, 2024 with respect to each counterparty that provides the Company with financing for which the Company had greater than 5% of its stockholders’ equity at risk, excluding stockholders’ equity at risk under financing through affiliated entities ($ in thousands).March 31, 2025December 31, 2024CounterpartyStockholders' Equityat RiskWeighted AverageMaturity (days)Percentage ofStockholders' EquityStockholders' Equityat RiskWeighted AverageMaturity (days)Percentage ofStockholders' EquityBofA Securities, Inc.$136,105 7525.0 %$135,141 8225.0 %Goldman Sachs Bank USA110,795 6020.4 %92,220 11817.1 %Barclays Capital Inc.59,303 6910.9 %75,516 2014.0 %Various (1)83,765 12115.4 %81,855 21115.2 %(1)Certain retained interests in securitizations are held in WMC RR 2023-1 Trust, a wholly owned subsidiary of the Company. WMC RR 2023-1 Trust issued certificates which were sold to various third-party investors.  Financial Covenants The Company’s financing arrangements generally include customary representations, warranties, and covenants, but may also contain more restrictive supplemental terms and conditions