NEW YORK--(BUSINESS WIRE)--
Annaly Capital Management, Inc. (NYSE: NLY) today announced that it
intends to make a public offering of $750 million in aggregate principal
amount of its convertible senior notes due 2015.
Annaly intends to grant the underwriters of the notes a 30-day option to
purchase up to an additional $112.5 million aggregate principal amount
of the notes solely to cover over-allotments. Annaly expects to use the
proceeds of this offering to purchase mortgage-backed securities for its
investment portfolio and for general corporate purposes, which may
include the retirement of its long-term indebtedness, additional
investments and repayment of short term indebtedness.
Credit Suisse and Morgan Stanley are acting as the joint lead
book-running managers for the offering. J.P. Morgan and UBS Investment
Bank are acting as the joint book-running managers for the offering.
RCap Securities is acting as a co-manager for the offering.
Annaly has filed a shelf registration statement and prospectus with the
Securities and Exchange Commission (SEC), and will file a prospectus
supplement for the offering to which this communication relates. Before
you invest, you should read the prospectus supplement and the
accompanying prospectus and other documents Annaly has filed with the
SEC for more complete information about Annaly and this offering. You
may obtain these documents for free by visiting EDGAR on the SEC Web
site at http://www.sec.gov.
Alternatively, Annaly, the underwriters or any dealer participating in
the offering will arrange to send you the prospectus supplement and
accompanying prospectus if you request them by contacting:
Credit Suisse
Attn: Prospectus Dept.
One Madison Ave.
New
York, NY 10010
Telephone: (800) 221-1037
Morgan Stanley
Attention: Prospectus Dept.
180 Varick Street
2nd
Floor
New York, NY 10014
Telephone: (866) 718-1649
Email: [email protected]
The notes will be issued pursuant to the shelf registration statement
that was previously filed with the SEC. This press release shall not
constitute an offer to sell or a solicitation of an offer to buy the
notes. An offering of the notes will be made only by means of a
prospectus supplement and accompanying prospectus. The prospectus
supplement and the accompanying prospectus shall not constitute an offer
to sell or the solicitation of an offer to buy, nor shall there be any
sale of these securities in any state in which such offer, solicitation
or sale would be unlawful prior to registration or qualification under
the securities laws of any such state.
Statements in this press release contain "forward looking" information
within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. Such statements
involve a number of risks and uncertainties. Those factors include
conditions in the financial markets and customary offering closing
conditions. Please see Annaly’s filing with the SEC for certain other
factors that may affect forward-looking information.
Annaly Capital Management, Inc.
Investor Relations
1-888-8Annaly
Source: Annaly Capital Management, Inc.