Company: NLY-PF
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001628280-25-036724
Chunk: 50

Company: ANNALY CAPITAL MANAGEMENT INC
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 2
Chunk 50
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 2025. The weighted average remaining maturity on our repurchase agreements and other secured financing was 56 days at June 30, 2025:

 June 30, 2025 Principal BalanceWeighted Average Rate% of Total (dollars in thousands)1 day$23,781,373 4.52%35.2%2 to 29 days1,831,806 5.03%2.7%30 to 59 days12,906,755 4.53%19.1%60 to 89 days25,870,163 4.49%38.3%90 to 119 days300,230 4.62%0.4%Over 119 days (1)2,876,051 6.51%4.3%Total$67,566,378 4.61%100.0%(1) Approximately 2% of the total repurchase agreements and other secured financing had a remaining maturity over 1 year.

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

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 renewed or extended existing facilities and upsized two facilities by a total of $250 million.

The following table presents our outstanding debt balances and associated weighted average rates and days to maturity at June 30, 2025:

  Weighted Average Rate   Principal BalanceAs of Period EndFor the QuarterWeighted AverageDays to Maturity (1) (dollars in thousands)Repurchase agreements$66,541,378 4.57%4.53%49Other secured financing1,025,000 7.00%7.03%491Debt issued by securitization vehicles (2)24,729,626 5.52%5.32%12,947Participations issued (2)1,511,584 6.94%6.48%10,882Total indebtedness$93,807,588    (1) Determined based on estimated weighted-average lives of the underlying debt instruments.(2) Non-recourse to Annaly. 

Excess Liquidity