Luminent Mortgage Capital Inc., a real estate investment trust based in San Francisco, has announced the pricing of $90 million in aggregate principal amount of 8.125% convertible senior notes due 2027 in a private placement.The REIT said it will use approximately $18 million of the net proceeds of the offering to repurchase shares of its common stock at a price of $9.13 per share. Luminent granted the initial purchaser an option to buy up to an additional $20 million in aggregate principal amount of notes. The REIT can be found online at http://www.luminentcapital.com.
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