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Two Harbors Investment Corp Announces Pricing Of Common Stock Offering


Tuesday, 19 Mar 2013 08:59am EDT 

Two Harbors Investment Corp announced that it has priced a public offering of 50,000,000 shares of its common stock at an offering price of $13.46 per share, for total gross proceeds (before underwriting discount and commissions and estimated expenses) of approximately $673.0 million. The Company has granted the underwriters an option for 30 days to purchase up to an additional 7,500,000 shares of the Company's common stock to cover over-allotments, if any. The offering is expected to close on or about March 22, 2013. The Company expects to use the net proceeds from this offering to make additional acquisitions of its target assets, including residential mortgage-backed securities, prime jumbo residential mortgage loans, credit sensitive residential mortgage loans and mortgage servicing rights, and for other general corporate purposes. Credit Suisse Securities (USA) LLC is acting as the lead book-running manager for the offering. Barclays Capital Inc., BofA Merrill Lynch and Goldman, Sachs & Co. are also acting as book-running managers. 

Company Quote

10.5
0.04 +0.38%
26 Nov 2014