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Chimera Investment Corporation Announces Closing of Public Offering of $120 Million Senior Notes
NEW YORK, September 16, 2025--Chimera Investment Corporation (NYSE: CIM) (the "Company") announced today that it has closed its previously announced underwritten public offering of $120 million aggregate principal amount (including $5 million issued pursuant to the over-allotment option) of its 8.875% senior notes due 2030 (the "Notes"). The Company has been authorized to list the Notes on the New York Stock Exchange under the symbol "CIMP" and expects trading in the Notes on the New York Stock
About this update from Chimera Investment Corporation
[{"type":"text","content":"NEW YORK, September 16, 2025--(BUSINESS WIRE)--Chimera Investment Corporation (NYSE: CIM) (the "Company") announced today that it has closed its previously announced underwritten public offering of $120 million aggregate principal amount (including $5 million issued pursuant to the over-allotment option) of its 8.875% senior notes due 2030 (the "Notes"). The Company has been authorized to list the Notes on the New York Stock Exchange under the symbol "CIMP" and expects trading in the Notes on the New York Stock Exchange to begin on September 18, 2025. The Notes have received an investment grade rating of BBB from Egan-Jones Ratings Company, an independent, unaffiliated rating agency.","length":722,"tagName":"p"},{"type":"text","content":"Morgan Stanley & Co. LLC, RBC Capital Markets, LLC, UBS Investment Bank, Wells Fargo Securities, LLC, Keefe, Bruyette & Woods, Inc., and Piper Sandler & Co. served as joint book-running managers for the offering. Hunton Andrews Kurth LLP acted as legal advisor to the Company. Venable LLP acted as Maryland counsel to the Company. Ropes & Gray LLP acted as legal advisor to the joint book-running managers.","length":422,"tagName":"p"},{"type":"text","content":"The Notes were offered under the Company’s existing shelf registration statement filed with the Securities and Exchange Commission (the "SEC").","length":153,"tagName":"p"},{"type":"text","content":"This press release shall not constitute an offer to sell or the solicitation of an offer to buy the Notes or any other securities, nor shall there be any sale of such Notes or any other securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.","length":397,"tagName":"p"},{"type":"text","content":"About Chimera Investment Corporation","length":36,"tagName":"p"},{"type":"text","content":"Chimera is a publicly traded real estate investment trust, or REIT, whose principal business objective is to provide attractive risk-adjusted returns and distributable income through investment performance linked to mortgage credit fundamentals. Chimera is primarily engaged in the business of investing for its own account and on behalf of third-party clients ...