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AG Mortgage assumes Western Asset’s 6.75% convertibles due 2024
By Marisa Wong
Los Angeles, Dec. 6 – Western Asset Mortgage Capital Corp.’s 6.75% convertible senior notes due 2024 became obligations of AG Mortgage Investment Trust, Inc. following Western Asset’s merger with AG Mortgage, according to an 8-K filing with the Securities and Exchange Commission.
As of the closing date of the merger on Dec. 6, the outstanding principal amount of the convertibles was about $86.3 million.
AG Mortgage is a residential mortgage real estate investment trust based in New York. Western Asset is a mortgage finance REIT based in Pasadena, Calif.
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