04:09 AM EST, 01/09/2025 (MT Newswires) -- New York Mortgage Trust ( NYMT ) said late Wednesday it has priced a public offering of $75 million worth of 9.125% senior notes due 2030.

The company granted the underwriters a 30-day option to purchase up to about $11.3 million in additional notes to cover over-allotments.

The offering is expected to close Jan. 14 and the net proceeds are intended to be used for general corporate purposes, the company said.