Two Harbors Raises $115 Million in Bond Offering

Deal News | May 13, 2025 | Ropes & Gray

Two Harbors Investment Corp., a New York Stock Exchange-listed company, successfully raised $115 million through a public bond offering. The bonds, which will mature in 2030, carry a 9.375% interest rate. The transaction was completed on May 13. Ropes & Gray, a leading law firm, provided legal advice to the underwriters involved in the transaction. The legal advisory team was led by capital markets partners Paul Tropp and Christopher Capuzzi. Two Harbors Investment Corp. is known for investing in mortgage servicing rights, residential mortgage-backed securities, and other types of financial assets. This transaction signifies their continued strategic financial moves in the real estate investment trust sector.

Sectors

Real Estate Investment Trusts (REITs)
Financial Services
Legal Services

Geography

United States – Two Harbors Investment Corp. is based in the United States and the bond offering is regulated under U.S. financial markets.

Industry

Real Estate Investment Trusts (REITs) – Two Harbors Investment Corp. operates within the REIT sector, focusing on mortgage servicing rights and mortgage-backed securities.
Financial Services – The bond offering is a financial service activity as it involves debt issuance and investment management.
Legal Services – Ropes & Gray provided legal advisory services for the bond offering transaction.

Financials

$115 Million – The principal amount of the bond offering completed by Two Harbors Investment Corp.

Participants

Name	Role	Type	Description
Two Harbors Investment Corp.	Issuer	Company	A leading real estate investment trust focused on mortgage and financial asset investments.
Ropes & Gray	Legal Advisor	Company	Provided legal advice to the underwriters for the $115 million bond offering.
Paul Tropp	Partner	Person	Capital markets partner at Ropes & Gray leading the deal team.
Christopher Capuzzi	Partner	Person	Capital markets partner at Ropes & Gray leading the deal team.