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Company NameWestern Asset Mortgage Capital Corporation
Offering TypeCommon Stock - Other
DescriptionCommon Shares
ISINUS95790D1054
Currency of IssueUSD
Trading Symbol (Exchange)WMC (NYSE)
 
Announcement Date3/7/2017
Shelf Filing Date3/7/2017
 
144a?No
Mandatory Redemption?No
Convertible?No
Exchange for Existing Issue?No

Use of Proceeds
The company intends to use the net proceeds from this offering to opportunistically purchase Agency RMBS (including TBAs), Non-Agency RMBS, Agency CMBS, Non-Agency CMBS, Non-U.S. CMBS, risk sharing securities, Residential Whole-Loans, Whole-Loan securities and/or other target asset classes the company may identify in the future, in each case consistent with investment guidelines, and/or for general corporate purposes.

Pricing
Gross Amount Offered ($000)100,000
Amount Including Overallotment ($000)100,000
Original Shelf Value ($000)400,000

Underwriting Fees
Gross Spread (%)2.00

UnderwritersShares UnderwrittenAmount Underwritten($000)
Placement Agent(s)
  JMP Securities LLC--

Professionals
Issuer's CounselSkadden, Arps, Slate, Meagher & Flom LLP & Affiliates
Underwriter's CounselCozen O'Connor
Auditor(s)PricewaterhouseCoopers LLP
Clearing House(s)Depository Trust Company

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