Western Asset Mortgage Capital Corporation Underwriting AgreementUnderwriting Agreement • August 22nd, 2019 • Western Asset Mortgage Capital Corp • Real estate investment trusts • New York
Western Asset Mortgage Capital Corporation, a Delaware corporation (the “Company”), proposes to issue and sell to you (the “Underwriter”) $40,000,000 principal amount of its 6.75% Convertible Senior Notes due 2022 (the “Securities”). The Securities will be convertible into cash, shares (the “Underlying Securities”) of common stock of the Company, par value $0.01 per share (the “Common Stock”), or a combination thereof, at the Company’s election. The Securities will be issued pursuant to an Indenture, dated as of October 2, 2017 (the “Base Indenture”), between the Company and Wells Fargo Bank, National Association, as trustee (the “Trustee”), as supplemented by a supplemental indenture (the “First Supplemental Indenture” and, together with the Base Indenture, the “Indenture”), dated as of October 2, 2017, between the Company and the Trustee.
