Company: AOMN
Filing Date: 2025-05-21
Form Type: 8-K
Source: 0001104659-25-051605
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Company: Angel Oak Mortgage REIT, Inc.
Filing Date: 2025-05-21
Form: 8-K
Item: Item 2.03
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Item 2.03      Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.  

On May 21, 2025, Angel Oak
Mortgage REIT, Inc. (the “ Company”) closed an underwritten public offering and sale of $40.0 million aggregate principal amount
of its 9.750% Senior Notes due 2030 (the “ Notes”) pursuant to an underwriting agreement (the “ Underwriting Agreement”)
among the Company, Angel Oak Mortgage Operating Partnership, LP, a Delaware limited partnership (the “ Guarantor”), Falcons
I, LLC, a Delaware limited liability company and the Company’s external manager, and RBC Capital Markets, LLC, UBS Securities LLC,
Wells Fargo Securities, LLC and Piper Sandler & Co., as representatives of the several underwriters named therein (the “ Underwriters”).
Pursuant to the Underwriting Agreement, the Company also granted the Underwriters a 30-day option to purchase up to an additional $6.0
million aggregate principal amount of the Notes to cover over-allotments, if any.

The Notes are fully and unconditionally
guaranteed (the “ Guarantee”) by the Guarantor. The terms of the Notes are governed by an indenture, dated as of July 25, 2024
(the “ Base Indenture”), by and among the Issuer, the Guarantor and U. S. Bank Trust Company, National Association, as trustee
(the “ Trustee”), as supplemented by a second supplemental indenture, dated as of May 21, 2025 (the “ Second Supplemental
Indenture” and, together with the Base Indenture, the “ Indenture”), by and among the Company, the Guarantor and the
Trustee. Copies of the Base Indenture, the Second Supplemental Indenture, and the form of Notes and the Guarantee, the terms of which
are incorporated herein by reference, are attached as Exhibits 4.1, 4.2 and 4.3, respectively, to this Current Report on Form 8-K.

The Notes bear interest at
a rate of 9.750% per annum, payable quarterly in arrears on March 1, June 1, September 1 and December 1 of each year, commencing on September
1, 2025. The Notes will mature on June 1, 2030