Company: AOMN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001766478-25-000099
Chunk: 17

Company: Angel Oak Mortgage REIT, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 17
---
inational Bank 1$600,000 $252,100 $347,900 Global Investment Bank 2250,000 143 249,857 Global Investment Bank 3200,000 90,365 109,635 Total$1,050,000 $342,608 $707,392 Although available financing is uncommitted for each of these lines of credit, the Company’s unused borrowing capacity is available if it has eligible collateral to pledge and meets other borrowing conditions as set forth in the applicable agreements.Senior Unsecured NotesThe Company’s Senior Unsecured Notes consist of $42.5 million principal amount of its 9.75% Senior Notes due June 2030 (the “2030 Notes”) and $50.0 million principal amount of its  9.50% Senior Notes due July 2029 (the “2029 Notes”and, together with the 2030 Notes, the “Senior Unsecured Notes”). The 2030 Notes were issued in May, 2025 in a public offering for net proceeds of approximately$40.6 million and the 2029 Notes were issued in July, 2024 in a public offering for net proceeds of approximately $47.5 million. The below table provides a summary of the Senior Unsecured Notes as of September 30, 2025 ($ in thousands).Senior Unsecured Notes (1) Principal Amount  Carrying Value Maturity Date (2)Redemption Date (3) Rate (4) June 2030 Senior Unsecured Notes$42,500 $40,681 June 2030June 20279.75 %July 2029 Senior Unsecured Notes$50,000 $48,114 July 2029July 20269.50 %(1)     The Senior Unsecured Notes are fully and unconditionally guaranteed on a senior unsecured basis by the Operating Partnership, including the due and punctual payment of principal, premium, if any, and interest on the Senior Unsecured Notes, whether at stated maturity, upon acceleration, call for redemption or otherwise.(2)     The Company has the option to redeem the Senior Unsecured Notes earlier than the maturity date.(3)     The Company may redeem the Senior Unsecured Notes in whole or in part at any time on or after the optional redemption date, at a redemption price equal to 100% of the outstanding principal amount of the Senior