Company: TWO-PC
Filing Date: 2025-05-13
Form Type: 8-K
Source: 0001104659-25-047870
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Company: TWO HARBORS INVESTMENT CORP.
Filing Date: 2025-05-13
Form: 8-K
Item: Item 1.01
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Item 1.01.      Entry into a Material Definitive Agreement.  

On May 13, 2025, Two Harbors Investment Corp.,
a Maryland corporation (the “ Company”), completed the issuance and sale of $115.0 million aggregate principal amount of its
9.375% Senior Notes due 2030 (the “ Notes”), which includes $15.0 million aggregate principal amount of the Notes issued and
sold pursuant to the Underwriters’ (as defined below) exercise of their over-allotment option granted pursuant to the Underwriting
Agreement (as defined below), in a public offering pursuant to the Company’s registration statement on Form S-3 (File No. 333-277271)
(the “ Registration Statement”) and a related prospectus, as supplemented by a preliminary prospectus supplement, dated May
6, 2025 and a final prospectus supplement dated May 6, 2025, each filed with the Securities Exchange Commission (the “ Commission”)
pursuant to Rule 424(b) under the Securities Act of 1933, as amended (the “ Securities Act”).

The Notes were sold pursuant to the underwriting
agreement (the “ Underwriting Agreement”), dated as of May 6, 2025, by and among the Company and 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”), filed with the Commission as Exhibit 1.1 to
the Company’s Current Report on Form 8-K, on May 7, 2025.

The Notes were issued at 100% of the principal
amount, bear interest at a rate equal to 9.375% per year, payable in cash quarterly in arrears on February 15, May 15, August 15 and November
15 of each year, beginning on August 15, 2025, and mature on August 15, 2030 (the “ Maturity Date”), unless earlier redeemed.
The Company may redeem the Notes in whole or in part at any time or from time to time at the Company’s option on or after May 15,
2027, upon not less than 30 days nor more than 60 days written notice to holders prior to the redemption date, at a redemption price equal
to 100%