Company: NLY-PF
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001628280-25-023811
Chunk: 173

Company: ANNALY CAPITAL MANAGEMENT INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 173
---
 30, 202366,020,036 64,693,821 257,097 — June 30, 202364,591,463 61,637,600 600,968 — March 31, 202360,477,833 60,993,018 371,429 — 

58

ANNALY CAPITAL MANAGEMENT, INC. AND SUBSIDIARIESItem 2. Management’s Discussion and Analysis 

Our committed facility warehouse lines provide financing for our MSR portfolio for liquidity purposes. We maintain a conservative approach to these facilities, generally over-collateralizing the lines against margin calls.

The following table provides information on our repurchase agreements and other secured financing by maturity date at March 31, 2025. The weighted average remaining maturity on our repurchase agreements and other secured financing was 56 days at March 31, 2025:

 March 31, 2025 Principal BalanceWeighted Average Rate% of Total (dollars in thousands)1 day$20,058,840 4.48 %32.1 %2 to 29 days3,228,145 4.80 %5.2 %30 to 59 days15,441,824 4.51 %24.7 %60 to 89 days21,007,475 4.49 %33.5 %90 to 119 days115,425 5.34 %0.2 %Over 119 days (1)2,707,751 6.51 %4.3 %Total$62,559,460 4.60 %100.0 %(1) Approximately 1% of the total repurchase agreements and other secured financing had a remaining maturity over 1 year.

We also finance our investments in residential mortgage loans through the issuance of securitization transactions sponsored by our wholly-owned subsidiary Onslow Bay Financial LLC (“Onslow Bay”) under the Onslow Bay private-label securitization program. In order to increase financing optionality for our Onslow Bay platform, during the quarter we closed a new warehouse facility and renewed or extended existing facilities.

The following table presents our outstanding debt balances and associated weighted average rates and days to maturity at March 31, 2025:

  Weighted Average Rate   Principal BalanceAs of Period EndFor the QuarterWeighted AverageDays to Maturity (1) (d