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Chimera Investment Prices Offering of Senior Notes Due 2030

BY MT Newswires | CORPORATE | 09/09/25 05:40 PM EDT

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.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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