Company: CIMO
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001628280-25-006426
Chunk: 395

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-02-19
Form: 10-K
Item: Item 15
Chunk 395
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ovenants at any time, the financing may become immediately due in full. Additionally, certain financing agreements become immediately due if the total stockholders' equity of the Company drops by 50% from the most recent year end. Currently, the Company is in compliance with all covenants and does not expect to fail to comply with any of these covenants within the next twelve months. The Company has a total of $1.9 billion unused uncommitted warehouse credit facilities as of December 31, 2024.

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At December 31, 2024, the Company had amounts at risk with Nomura Securities International, Inc., or Nomura, of 20% of its equity related to the collateral posted on secured financing agreements. The weighted average maturities of the secured financing agreements with Nomura were 108 days. The amount at risk with Nomura was $512 million. At December 31, 2023, the Company had amounts at risk with Nomura of 17% of its equity related to the collateral posted on secured financing agreements. The weighted average maturities of the secured financing agreements with Nomura were 412 days. The amount at risk with Nomura was $433 million. The secured financing agreements principal outstanding, weighted average borrowing rates, weighted average remaining maturities, average balances and the fair value of the collateral pledged as of December 31, 2024 and December 31, 2023 were: December 31, 2024December 31, 2023Secured financing agreements outstanding principal secured by:  Agency RMBS (in thousands)$402,644 $— Agency CMBS (in thousands)29,123 68,502 Non-Agency RMBS and Loans held for investment (in thousands)2,410,393 2,375,589 Total:$2,842,160 $2,444,091 MBS pledged as collateral at fair value on Secured financing agreements:  Agency RMBS (in thousands)$423,768 $— Agency CMBS (in thousands)29,146 74,345 Non-Agency RMBS and Loans held for investment (in thousands)3,633,183 3,465,071 Total:$4,086,097 $3,539,416 Average balance of Secured financing agreements secured by:  Agency RMBS (in thousands)$540,735 $1,551 Agency CM