Company: AOMN
Filing Date: 2025-03-24
Form Type: 10-K
Source: 0001766478-25-000019
Chunk: 155

Company: Angel Oak Mortgage REIT, Inc.
Filing Date: 2025-03-24
Form: 10-K
Item: Item 7
Chunk 155
---
 to 4.75% and the index spread adjustment of 0.20% was eliminated.

The following table sets forth the total unused borrowing capacity of each financing line as of December 31, 2024:

Line of Credit (Note Payable)Borrowing CapacityBalance OutstandingAvailable Financing(in thousands)Multinational Bank 1$600,000 $100,711 $499,289 Global Investment Bank 2250,000 15,111 234,889 Global Investment Bank 3200,000 13,637 186,363 Total$1,050,000 $129,459 $920,541 

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.

Short‑Term Repurchase Facilities. In addition to our existing loan financing lines, we employ short‑term repurchase facilities to borrow against U.S. Treasury Securities, securities issued by AOMT, Angel Oak’s securitization platform, and other securities we may acquire in accordance with our investment guidelines.

The following table sets forth certain characteristics of our short-term repurchase facilities as of December 31, 2024 and 2023:

79

December 31, 2024Repurchase AgreementsAmount OutstandingWeighted Average Interest RateWeighted Average Remaining Maturity (Days)($ in thousands)RMBS (1)$50,555 5.76 %19Total$50,555 5.76 %19December 31, 2023Repurchase AgreementsAmount OutstandingWeighted Average Interest RateWeighted Average Remaining Maturity (Days)($ in thousands)U.S. Treasury Securities$149,013 5.57 %10AOMT RMBS (1)44,643 7.04 %16Total$193,656 5.91 %11

(1)     A portion of repurchase debt outstanding as of December 31, 2024 and Decmber 31, 2023 includes borrowings against retained bonds received from on-balance sheet securitizations (i.e., consolidated VIEs). See Item 8, Note 5 — Investment Securities in our audited consolidated financial statements included in this Annual Report on Form 10-K.

The following table presents the amounts of collateralized borrowings outstanding under repurchase facilities as of the