Hunton Andrews Kurth Advises Annaly Capital Management, Inc. in $665 Million Offering of Common Stock

Time 1 Minute Read
August 15, 2022
News

Hunton Andrews Kurth LLP represented Annaly Capital Management, Inc. in its public offering of 115 million shares of common stock. This transaction, which closed on August 3, 2022, resulted in the company receiving gross proceeds of approximately $764.8 million.

Annaly is a leading diversified capital manager with investment strategies across mortgage finance. Annaly’s principal business objective is to generate net income for distribution to its stockholders and to optimize its returns through prudent management of its diversified investment strategies. Annaly is internally managed and has elected to be taxed as a real estate investment trust, or REIT, for federal income tax purposes. Hunton Andrews Kurth is proud to have represented Annaly in 11 capital markets transactions worth nearly $10 billion in the past five years.

The team advising Annaly on the transaction was led by partners Rob Smith, Kate Saltz and Kendal Sibley and included Enyo Enninful, Elizabeth White and Josh Venne.

Jump to Page