Loan & DebtApr 27, 2026, 04:33 PM
AOMR Extends Pricing Side Letter to 2028; Improves Terms
AI Summary
Angel Oak Mortgage REIT, Inc. (AOMR) and its subsidiary AOMR TRS SPE, LLC, as guarantor and seller respectively, entered into Amendment No. 5 to their Pricing Side Letter. This amendment extends the initial termination date of the financing facility from April 27, 2026, to April 21, 2028. It also includes more favorable terms, such as a reduced pricing rate for certain non-agency mortgage loans and an increased purchase price percentage for second lien mortgage loans and HELOCs, enhancing the company's financing flexibility and cost efficiency.
Key Highlights
- Initial Termination Date extended from April 27, 2026, to April 21, 2028.
- Pricing Rate for certain Non-Agency Mortgage Loans reduced from Benchmark + 1.65% to Benchmark + 1.50%.
- Purchase Price Percentage for Second Lien Mortgage Loans/HELOCs increased from 80% to 90%.
- Eligible Mortgage Loan criteria updated for principal balance limits.
- Amendment No. 5 to Pricing Side Letter dated April 22, 2026.
Price Impact
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