AGNC Investment Corp. Announces Pricing of Public Offering of Depositary Shares
Vinson & Elkins served as underwriters’ counsel in connection with AGNC Investment Corp.’s public offering of 6,000,000 depositary shares with a liquidation preference of $25.00 per share (the “Depositary Shares”), for gross proceeds of $150 million before deducting underwriting discounts and other estimated offering expenses.
Each Depositary Share represents a 1/1,000th interest in a share of the Company’s 7.75% Series G Fixed-Rate Reset Cumulative Redeemable Preferred Stock. The deal is expected to close on September 14, 2022.
The V&E team was led by partner Greg Cope, with assistance from senior associate Erin Walsh Torrez and associate Glen Taylor. The tax team was led by partners Chris Mangin and Paige Anderson, with assistance from associate Sarah McIntosh.
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