Chimera Investment将收购HomeXpress Mortgage

2025-06-12 18:47

Chimera Investment (NYSE:CIM) to acquire HomeXpress Mortgage from certain affiliates of Seer Capital Management’s credit fund business and certain management sellers.
Under the terms of the agreement, Chimera (NYSE:CIM) will cause its taxable REIT subsidiary, Chimera Funding TRS, to acquire HomeXpress from the sellers for a combination of cash and 2,077,151 shares of Chimera common stock.
The purchase price will be equal to the adjusted book value of HomeXpress as of the end of the month before the closing, plus a premium consisting of $120 million in cash plus 2,077,151 shares of Chimera common stock.
HomeXpress will operate as a subsidiary of Chimera and Kyle Walker, the current President and CEO, along with key members of the senior management team will continue to manage HomeXpress.
Chimera (CIM) expects to close the transaction during the fourth quarter.

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