trending Market Intelligence /marketintelligence/en/news-insights/trending/qGO4cTGJ0dMEZYzceeNcHg2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Annaly Capital Management prices common stock offering

Blog

Banking Essentials Newsletter - February Edition, Part 2

Podcasts

StreetTalk – Episode 74: Investor sees legs in strong credit performance, US bank stock rally

Blog

Street Talk – Episode 74: Investor sees legs in strong credit performance, US bank stock rally

Blog

The Evolution of ESG Factors in Credit Risk Assessment: Environmental Issues


Annaly Capital Management prices common stock offering

Annaly Capital Management Inc. priced a public offering of 65 million common shares.

Annaly also granted the underwriters an option to purchase up to an additional 9,750,000 common shares.

The expected gross proceeds from the offering, before deducting estimated offering expenses, are about $780 million. The offering is subject to customary closing conditions and is expected to close on or about Oct. 11.

As earlier disclosed, Annaly intends to use the net proceeds to acquire targeted assets under its capital allocation policy. It may also use the net proceeds for general corporate purposes, including, to pay down obligations and other working capital items.

Credit Suisse, BofA Merrill Lynch, Goldman Sachs & Co. LLC and Wells Fargo Securities are acting as joint book-running managers for the offering. Citigroup and RBC Capital Markets are acting as co-managers.