Hunton Represents Chimera Investment Corporation in Public Offering of Senior Notes
Hunton Andrews Kurth LLP represented Chimera Investment Corporation in a follow-on offering of $120 million aggregate principal amount of 8.875% Senior Notes due 2030.
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 through its investment management and advisory services activities. Chimera invests, directly or indirectly, generally on a levered basis in diversified portfolios of mortgage assets, including residential mortgage loans, Non-Agency RMBS, Agency RMBS, Agency CMBS, MSRs, business purpose and investor loans, including RTLs, and other real estate-related assets.
The Hunton team advising Chimera on the transaction was led by partners Rob Smith, Kate Saltz, and Kendal Sibley and associates Tianlu Zhang, Elizabeth White, Claire Andress, and Patrick Tricker. Hunton is proud to have represented Chimera in several capital markets transactions over the years and has significant experience in representing mortgage REITs and similar finance companies on a broad range of capital markets transactions.
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