Western Asset Mortgage Capital Corporation Announces Pricing Of $919 Million Residential Whole Loan Securitization PASADENA, Calif. , May 17, 2019 |PRNewswire| -- Western Asset Mortgage Capital Corporation (NYSE: WMC ) (the "Company") today announced that it has priced an aggregate $919 million of Mortgage-Backed Notes, Series 2019-2 (the "Notes") in a residential mortgage-backed securitization comprised of a portfolio of residential whole loans. The Notes, which initially will be issued by Arroyo Mortgage Trust 2019-2 in four classes, were priced with a weighted average fixed interest rate of 3.425% per annum. All of the Notes are anticipated to have a final payment date in April 2049 . The Notes will be issued in a private placement to qualified institutional investors. It is expected that SP and KBRA will rate the Notes at closing. The anticipated SP and KBRA ratings for the Class A-1 Notes are AAA(sf) and AAA(sf), respectively. The offering is subject to customary closing conditions and is expected to close on or about May 21, 2019 . "This transaction represents the Company's first securitization and enables us to finance our target assets with longer-term fixed rate financing at attractive levels," said Jennifer Murphy , Chief Executive Officer …