fwiw, NYMTG coming
???% SENIOR NOTES DUE 2030
We are offering $?????? aggregate principal amount of our ???% Senior Notes due 2030 (or the “notes”) under this prospectus supplement. The notes will bear interest at a rate equal to ???% per year, payable quarterly in arrears on January 1, April 1, July 1 and October 1 of each year, beginning on April 1, 2025. The notes will mature on April 1, 2030. The notes will be issued in minimum denominations of $25 and integral multiples of $25 in excess thereof.
We may redeem the notes, in whole or in part, at any time on or after April 1, 2027 at a redemption price equal to 100% of the principal amount redeemed plus accrued and unpaid interest to, but excluding, the redemption date. Upon a Change of Control Repurchase Event, we will be required to make an offer to repurchase all outstanding notes at a price in cash equal to 101% of the principal amount of the notes, plus accrued and unpaid interest to, but not including, the repurchase date. See “Description of the Notes?—?Offer to Repurchase Upon a Change of Control Repurchase Event.”
The notes will be our senior unsecured obligations and will rank senior in right of payment to any future indebtedness that is expressly subordinated in right of payment to the notes, equal in right of payment to our existing and future unsecured indebtedness that is not so subordinated, including our 5.75% Senior Notes due 2026 and 9.125% Senior Notes due 2029, effectively junior to any future secured indebtedness to the extent of the value of the assets securing such indebtedness and structurally junior to all existing and future indebtedness and any preferred equity of our subsidiaries as well as to any of our existing or future indebtedness that may be guaranteed by any of our subsidiaries (to the extent of any such guarantee).
The notes are a new issue of securities and there is no established trading market for the notes. We have applied to list the notes on the Nasdaq Global Select Market (“Nasdaq”) under the symbol “NYMTG”. If approved for listing, trading on Nasdaq is expected to begin within 30 days of ???????? ??, 2025, the original issue date. The notes are expected to trade “flat,” meaning that purchasers will not pay, and sellers will not receive, any accrued and unpaid interest on the notes that is not included in the trading price. |
