Company: MFAN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001055160-25-000013
Chunk: 145

Company: MFA FINANCIAL, INC.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 145
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 amount of Senior Bonds, at carrying value (1)$529,714 $583,597 Outstanding amount of Senior Bonds, at fair value$5,374,319 $5,211,380 Outstanding amount of Senior Bonds, total$5,904,033 $5,794,977 Weighted average fixed rate for Senior Bonds issued (2)5.11 %5.02 %Weighted average contractual maturity of Senior Bonds (2)36 years36 yearsFace amount of Senior Support Certificates received by the Company (3)$1,270,750 $1,222,029 Cash received$9,148,754 $8,574,069 (1)Net of $1.0 million and $1.1 million of deferred financing costs at June 30, 2025 and December 31, 2024, respectively.(2)At June 30, 2025 and December 31, 2024, $4.4 billion and $4.2 billion, respectively, of Senior Bonds sold in securitization transactions contained a contractual coupon step-up feature whereby the coupon increases by either 100, 150, or 300 basis points or more at defined dates ranging from 30 months, up to 48 months from issuance if the bond is not redeemed before such date.(3)Provides credit support to the Senior Bonds sold to third-party investors in the securitization transactions.During the three and six months ended June 30, 2025, the Company issued Senior Bonds with a current face of $291.3 million and $574.7 million to third-party investors for proceeds of $291.3 million and $574.7 million before offering costs and accrued interest. During the three and six months ended June 30, 2024, the Company issued Senior Bonds with a current face of $160.0 million and $655.1 million to third-party investors for proceeds of $160.0 million and $654.9 million before offering costs and accrued interest. The Senior Bonds issued by the Company during the three and six months ended June 30, 2025 and June 30, 2024 are included in Financing agreements on the Company’s consolidated balance sheets (see Note 6). During the three months ended June 30, 2024, the Company liquidated one SPE (which had been formed in 2021) and repaid the