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Annaly Capital prices common stock offering

Annaly Capital Management Inc. priced its previously announced offering of 75 million common shares for gross proceeds of about $731 million.

The offering is expected to close on or about Jan. 10.

Annaly Capital also granted underwriters a 30-day option to purchase up to an additional 11,250,000 common shares.

Net proceeds will be used to acquire targeted assets under the company's allocation policy, as well as for general corporate purposes.

Credit Suisse, BofA Merrill Lynch, Goldman Sachs & Co. LLC, J.P. Morgan, Wells Fargo Securities, Barclays and RBC Capital Markets are the joint book-running managers for the offering.