Latest news with #TwoHarbors
Business Insider
30-05-2025
- Business
- Business Insider
Two Harbors (TWO) Gets a Hold from BTIG
In a report released today, from BTIG maintained a Hold rating on Two Harbors (TWO – Research Report). The company's shares closed today at $11.12. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Two Harbors with a $12.95 average price target, implying a 16.46% upside from current levels. In a report released on May 27, RBC Capital also maintained a Hold rating on the stock with a $12.00 price target. The company has a one-year high of $14.28 and a one-year low of $10.16. Currently, Two Harbors has an average volume of 1.62M.
Yahoo
06-05-2025
- Business
- Yahoo
TWO Announces Pricing of Public Offering of Senior Notes
NEW YORK, May 06, 2025--(BUSINESS WIRE)--TWO (Two Harbors Investment Corp, NYSE: TWO) (the "Company"), an MSR-focused REIT, today announced the pricing of an underwritten public offering of $100 million aggregate principal amount of its 9.375% senior notes due 2030 (the "Notes"). The Notes will be issued in minimum denominations of $25 and integral multiples of $25 in excess thereof. TWO has granted the underwriters a 30-day option to purchase up to an additional $15 million aggregate principal amount of the Notes to cover over-allotments. The offering is expected to close on May 13, 2025, subject to the satisfaction of customary closing conditions. The Company intends to apply to list the Notes on the New York Stock Exchange ("NYSE") and, if the application is approved, expects trading in the Notes on NYSE to begin within 30 days after the Notes are first issued. The Company intends to use the net proceeds of the offering for general corporate purposes which may include, among other things, the refinancing or repayment of debt, including the Company's 6.25% senior notes due 2026 and MSR financing, the purchase of the Company's target assets, including MSR, Agency RMBS and other financial assets, in each case subject to the Company's investment guidelines, the repurchase or redemption of the Company's common and preferred equity securities, and other capital expenditures. The Notes will be senior unsecured obligations of the Company and pay interest quarterly in cash on February 15, May 15, August 15 and November 15 of each year, commencing August 15, 2025. The Notes will mature on August 15, 2030, and may be redeemed, in whole or in part, at any time, or from time to time, at TWO's option on or after May 15, 2027. Morgan Stanley & Co. LLC, Goldman Sachs & Co. LLC, Piper Sandler & Co., RBC Capital Markets, LLC, UBS Investment Bank and Wells Fargo Securities, LLC acted as joint book-running managers of the offering. The offering was made pursuant to the Company's existing shelf registration statement, which was declared effective by the Securities and Exchange Commission (the "SEC") on February 22, 2024. The offering of these securities was made only by means of a prospectus and a related prospectus supplement, which will be filed with the SEC and available on the SEC's website at Copies of the prospectus and prospectus supplement related to this offering may also be obtained, when available, by contacting: Morgan Stanley & Co. LLC at 180 Varick St., 2nd Floor, New York, New York 10014, Attention: Prospectus Department, or by telephone: 1-800-584-6837 (Toll-Free); Goldman Sachs & Co. LLC, at 200 West Street, New York, New York 10282, Attention: Prospectus Department, or by telephone: 866-471-2526, or by email: prospectus-ny@ Piper Sandler & Co., at 1251 Avenue of the Americas, 6th Floor, New York, New York 10020, Attention: Debt Capital Markets, or by email: fsg-dcm@ RBC Capital Markets, LLC at Brookfield Place, 200 Vesey Street, 8th Floor, New York, New York 10281, or by telephone: 1-866-375-6829 (Toll-Free), or by email: rbcnyfixedincomeprospectus@ UBS Investment Bank, 1285 Avenue of the Americas, New York, New York 10019, Attention: Prospectus Department, or by telephone: (833) 481-0269; or Wells Fargo Securities, LLC at 608 2nd Avenue South, Suite 1000, Minneapolis, Minnesota 55402, Attention: WFS Customer Service, or by telephone: 1-800-645-3751 (Toll-Free) or by email: wfscustomerservice@
