Angel Oak Mortgage’s IPO

Sidley Austin LLP advised Angel Oak Mortgage, Inc. on the deal.

Angel Oak Mortgage, Inc. announced its initial public offering of US$136.8 million and a concurrent private placement of US$40 million to an institutional investor.  

Wells Fargo Securities, BofA Securities, Morgan Stanley and UBS Investment Bank are acting as the joint book-running managers for the offering. B. Riley Securities is acting as a book-runner for the offering, and Nomura and Oppenheimer & Co. are acting as the co-managers for the offering.

Angel Oak Mortgage, Inc. is a real estate finance company focused on acquiring and investing in first lien non-QM loans and other mortgage-related assets in the U.S. mortgage market. The Company’s objective is to generate attractive risk-adjusted returns for its stockholders through cash distributions and capital appreciation across interest rate and credit cycles. The Company is externally managed and advised by an affiliate of Angel Oak Capital Advisors, LLC, which, collectively with its affiliates, is a leading alternative credit manager with a vertically integrated mortgage origination platform.

The Sidley team was led by Jerry Cummins (Picture). It also included counsel Meaghan M. O’Toole and associates Adam Gross and Dan Raymer (REITs), and Ivy Jones, Dave Miller and Dustin Anderson (Tax).


Involved fees earner: Dustin Anderson – Sidley Austin LLP; Gerard Cummins – Sidley Austin LLP; Adam Gross – Sidley Austin LLP; Ivy Jones – Sidley Austin LLP; David Miller – Sidley Austin LLP; Meaghan O’Toole – Sidley Austin LLP; Daniel Raymer – Sidley Austin LLP;

Law Firms: Sidley Austin LLP;

Clients: Angel Oak Mortgage, Inc.;

Martina Bellini

Author: Martina Bellini