Company: TWO-PC
Filing Date: 2025-05-07
Form Type: 8-K
Source: 0001104659-25-045359
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Company: TWO HARBORS INVESTMENT CORP.
Filing Date: 2025-05-07
Form: 8-K
Item: Item 1.01
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Item 1.01.      Entry into a Material Definitive Agreement.  

Underwriting Agreement

On May 6, 2025, Two Harbors Investment Corp. (the
“ Company”) entered into an underwriting agreement (the “ Underwriting Agreement”) with Morgan Stanley & Co.
LLC, Goldman Sachs & Co. LLC, Piper Sandler & Co., RBC Capital Markets, LLC, UBS Securities LLC and Wells Fargo Securities, LLC,
as representatives of the several underwriters named therein (collectively, the “ Underwriters”), relating to the issuance
and sale of $100 million aggregate principal amount of the Company’s 9.375% Senior Notes due 2030 (the “ Notes”)
in an underwritten public offering made pursuant to a registration statement and related prospectus supplement filed with the Securities
and Exchange Commission (the “ SEC”). The Notes will be issued in minimum denominations of $25 and integral multiples of $25
in excess thereof. The Company has granted the underwriters a 30-day option to purchase up to an additional $15 million aggregate
principal amount of the Notes to cover over-allotments. The offering is expected to close on May 13, 2025, subject to satisfaction of
customary closing conditions.

The Underwriting Agreement includes customary
representations, warranties and covenants by the Company and the Underwriters. It also provides for customary indemnification by the Company
and the Underwriters against certain liabilities and customary contribution provisions in respect of those liabilities.

The foregoing description of the Underwriting
Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Underwriting Agreement,
a copy of which is filed as Exhibit 1.1 to this Current Report on Form 8-K and is incorporated herein by reference.

The Company intends to use the net proceeds of
the offering for general corporate purposes which may include, among other things, the refinancing or repayment of debt, including our
6.25% senior notes due 2026 and MSR financing, the purchase of our target assets, including MSR, Agency RMBS and other financial assets,
in each case subject to our investment guidelines, the repurchase or redemption of our common and preferred equity securities, and other
capital expenditures.

Third Supplemental Indenture

On May 5, 2025, the Company entered into a Third
Supplemental Indenture (the “ Third Supplemental Indenture”) with The