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WMC > SEC Filings for WMC > Form 8-K on 9-Apr-2014All Recent SEC Filings

Show all filings for WESTERN ASSET MORTGAGE CAPITAL CORP

Form 8-K for WESTERN ASSET MORTGAGE CAPITAL CORP


9-Apr-2014

Entry into a Material Definitive Agreement, Financial Stateme


Item 1.01. Entry into a Material Definitive Agreement.

On April 3, 2014, Western Asset Mortgage Capital Corporation (the "Company") and Western Asset Management Company entered into an Underwriting Agreement (the "Underwriting Agreement") with Merrill Lynch, Pierce, Fenner & Smith Incorporated and Morgan Stanley & Co., LLC, as representatives of the several underwriters named therein (collectively, the "Underwriters"), with respect to
(i) the sale by the Company of 13,000,000 shares of the Company's common stock to the Underwriters and (ii) the grant by the Company to the Underwriters of an option to purchase all or part of 1,950,000 additional shares of the Company's common stock (together, the "Shares"). The Company agreed to indemnify the Underwriters against certain specified types of liabilities, including liabilities under the Securities Act of 1933, and to contribute to payments the Underwriters may be required to make in respect of these liabilities. In the ordinary course of business the Underwriters or their respective affiliates have engaged and may in the future engage in various financing, commercial banking and investment banking services with, and provide financial advisory services to, the Company and its affiliates for which they have received or may receive customary fees and expenses. A copy of the Underwriting Agreement is filed as Exhibit 1.1 hereto and is incorporated herein by reference.



Item 9.01. Financial Statements and Exhibits.

On April 9, 2013, Skadden, Arps, Slate, Meagher & Flom LLP delivered an opinion to the Company with respect to the validity of the Shares (the "Opinion"). The Opinion is being filed herewith, and thereby automatically incorporated by reference into the Company's Registration Statement on Form S-3 (No. 333-194775), in accordance with the requirements of Item 601(b)(5) of Regulation S-K under the Securities Act of 1933.

(d) Exhibits.

Exhibit No.                                 Description
1.1            Underwriting Agreement, dated April 3, 2014, by and among Western
               Asset Mortgage Capital Corporation and Western Asset Management
               Company, on the one hand, and Merrill Lynch, Pierce, Fenner & Smith
               Incorporated and Morgan Stanley & Co., LLC, on the other hand.

5.1            Opinion of Skadden, Arps, Slate, Meagher & Flom LLP, dated April 9,
               2014.


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