Hunton Advises MFA Financial, Inc. on its $100M Preferred Stock Offering and $300M Common Stock Offering
Hunton Andrews Kurth LLP represented MFA Financial, Inc. (NYSE: MFA) in connection with the establishment of a $100 million preferred stock at-the-market (ATM) offering program and a $300 million common stock ATM offering program.
Pursuant to MFA’s preferred stock ATM program, they may offer and sell up to $100 million of shares of the company’s 7.50% Series B Cumulative Redeemable Preferred Stock and/or its 6.50% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock from time to time though the sales agents.
MFA is a specialty finance company organized as a REIT that invests in and finances residential mortgage assets. MFA invests, on a leveraged basis, in residential whole loans, residential mortgage securities, and other real estate assets. Hunton represents mortgage REITs and similar finance companies on a broad range of capital markets transactions and is proud to have represented MFA in numerous capital markets transactions over the years.
The Hunton capital markets team that advised on the transaction was led by partners Rob Smith, Kate Saltz, and Kendal Sibley and associates Tianlu Zhang, Elizabeth White, Claire Andress, Josh Milgrom, and Patrick Tricker.
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