Apollo Residential Mortgage Announces Public Offering

Posted by Orb Staff on April 17, 2012 No Comments
Categories : Residential Mortgage

11339_86806780 Apollo Residential Mortgage Announces Public Offering New York-based Apollo Residential Mortgage Inc. is commencing an underwritten public offering of 13.9 million shares of common stock. The company expects to grant the underwriters a 30-day option to purchase up to 2 million additional shares of common stock.

The company says that it will use the net proceeds from the offering to acquire agency and non-agency residential mortgage-backed securities and other residential mortgage assets, as market conditions warrant, and for general corporate purposes.

Morgan Stanley & Co. LLC, Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC are acting as joint book runners of the public offering. JMP Securities LLC, Nomura Securities International Inc., Stifel, Nicolaus & Co. Inc. and RBS Securities Inc. are acting as co-managers.

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