Rithm Capital Corp. and Great Ajax Corp. Announce a Strategic Transaction
Great Ajax Corp. (AJX)
Last great ajax corp. earnings: 3/3 04:05 pm
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great-ajax.com
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Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Rithm Capital Corp. (NYSE: RITM; “Rithm”), a global asset manager focused on real estate, credit and financial services, and Great Ajax Corp. (NYSE: AJX; “Great Ajax”), a real estate investment trust, announced today that they have entered into a strategic transaction.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240226285906/en/As part of the strategic transaction, Great Ajax has entered into a one-year term loan agreement with a subsidiary of Rithm for up to $70 million. Great Ajax plans to use borrowings under the term loan, as well as cash on hand and cash from loan sales, to repay its outstanding convertible notes.In connection with the loan agreement, Great Ajax issued a termination notice to its external manager, Thetis Asset Management LLC (the “Manager”). Subject to the receipt of shareholder approval, Great Ajax will enter into a management agreement with an affiliate of Rithm to se
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AJX
News
- Great Ajax Corp. Announces Results for the Quarter Ended March 31, 2024 [Yahoo! Finance]Yahoo! Finance
- Great Ajax Corp. Announces Results for the Quarter Ended March 31, 2024Business Wire
- Great Ajax Corp. Announces Final Conversion Rate for Its Convertible Notes [Yahoo! Finance]Yahoo! Finance
- Great Ajax Corp. Announces Final Conversion Rate for Its Convertible NotesBusiness Wire
- Great Ajax Corp. Announces Record Date for Stockholders Meeting to Approve Strategic Transaction With Rithm Capital Corp.Business Wire
AJX
Earnings
- 5/3/24 - Miss
AJX
Sec Filings
- 5/3/24 - Form 10-Q
- 5/3/24 - Form 8-K
- 4/30/24 - Form 25-NSE
- AJX's page on the SEC website