Company: NLY-PF
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001628280-25-005451
Chunk: 53

Company: ANNALY CAPITAL MANAGEMENT INC
Filing Date: 2025-02-13
Form: 10-K
Item: Item 7
Chunk 53
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 June 30, 202364,591,463 61,637,600 600,968 — March 31, 202360,477,833 60,993,018 371,429 — December 31, 202259,946,810 59,512,597 102,025 — 

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 December 31, 2024. The weighted average remaining maturity on our repurchase agreements and other secured financing was 33 days at December 31, 2024:

 December 31, 2024 PrincipalBalanceWeightedAverage Rate% of Total (dollars in thousands)1 day$— — %— %2 to 29 days27,323,365 4.85 %41.1 %30 to 59 days35,770,924 4.63 %53.9 %60 to 89 days1,285,522 5.08 %1.9 %90 to 119 days62,468 5.67 %0.1 %Over 119 days (1)1,996,644 6.57 %3.0 %Total$66,438,923 4.79 %100.0 %(1) Less than 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 we closed new warehouse facilities and upsized existing warehouse facilities. These included expanded product offerings for residential whole loans, including a component not subject to margin calls, and a two-year facility for OBX retained securities not subject to margin calls.

The following table presents our outstanding debt balances and associated weighted average rates and days to maturity at  December 31, 2024: 

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ANNALY CAPITAL MANAGEMENT, INC. AND SUBSIDIARIESItem 7. Management’s Discussion and Analysis