Company: MITN
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050624
Chunk: 124

Company: AG Mortgage Investment Trust, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 124
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 7225.8 %$135,141 8225.0 %Goldman Sachs Bank USA132,921 5023.7 %92,220 11817.1 %Barclays Capital Inc.106,142 13219.0 %75,516 2014.0 %JP Morgan Securities, LLC30,459 295.4 %(1)(1)(1)Atlas Securitized Products, L.P.30,233 1755.4 %(1)(1)(1)Various (2)(2)(2)(2)81,855 21115.2 %(1)As of December 31, 2024, the Company had less than 5% of its equity at risk under financing arrangements with Atlas Securitized Products, L.P. and JP Morgan Securities, LLC.  (2)As of December 31, 2024, 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. WMC RR 2023-1 Trust matured and was paid off in July 2025.

26

AG Mortgage Investment Trust Inc. and SubsidiariesNotes to Consolidated Financial Statements (Unaudited)September 30, 2025

Financial Covenants The Company’s financing arrangements generally include customary representations, warranties, and covenants, but may also contain more restrictive supplemental terms and conditions. Although specific to each financing arrangement, typical supplemental terms include requirements of minimum equity and liquidity, leverage ratios, and performance triggers. In addition, some of the financing arrangements contain cross default features, whereby default under an agreement with one lender simultaneously causes default under agreements with other lenders. To the extent that the Company fails to comply with the covenants contained in these financing arrangements or is otherwise found to be in default under the terms of such agreements, the counterparty has the right to accelerate amounts due under the associated agreement. Financings pursuant to financing arrangements are generally recourse to the Company. As of September 30, 2025, the Company is in compliance with all of its financial covenants.

7. Other assets and liabilities   

The following table details certain information related to the Company's "Other assets" and "Other liabilities" line items on its consolidated balance sheets as of September 30, 2025