05:40 PM EDT, 09/09/2025 (MT Newswires) -- Chimera Investment ( CIM/PA ) said late Tuesday it priced a $115 million public offering of 8.875% senior notes due 2030.

The company granted underwriters a 30-day overallotment option to buy up to an additional $17.3 million of the notes, according to the company.

Net proceeds will be used to fund the acquisition of mortgage assets and for general corporate purposes. The offering is expected to be completed on Sept. 16, subject to closing conditions, the company said.

The company plans to list the notes on the New York Stock Exchange under the ticker "CIMP" and expects them to trade within 30 days after the notes are first issued, according to a statement.