MFA FINANCIAL, INC. (MFA): debt financing — MFA Financial issues $115M of 8.875% Senior Notes due 2029

MFA FINANCIAL, INC.

$115M aggregate principal, 8.875% interest payable quarterly, matures Feb 15, 2029.
Net proceeds of ~$96.8M after underwriting discounts and expenses.
Proceeds for mortgage-related asset investments, working capital, and debt repayment.
Notes are senior unsecured obligations, redeemable at par starting Feb 15, 2026.
Underwriters: Wells Fargo, Morgan Stanley, Piper Sandler, UBS Securities.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

MFA FINANCIAL, INC. incurred senior notes of $115 million aggregate principal amount with Wells Fargo Securities, LLC, Morgan Stanley & Co. LLC, Piper Sandler & Co. and UBS Securities LLC at 8.875% per year maturing February 15, 2029.

Instrument: senior notes
Principal: $115 million aggregate principal amount
Counterparty: Wells Fargo Securities, LLC, Morgan Stanley & Co. LLC, Piper Sandler & Co. and UBS Securities LLC
Rate: 8.875% per year
Maturity: February 15, 2029
Event: incurrence

Exact text from the filing

On January 11, 2024, MFA Financial, Inc., a Maryland corporation (the “Company”), completed the issuance and sale of $115 million aggregate principal amount of its 8.875% Senior Notes due 2029 (the “Notes”), in a public offering pursuant to the Company’s registration statement on Form S-3ASR

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

MFA FINANCIAL, INC. entered into Indenture with Wilmington Trust, National Association valued at $115 million (effective 2024-01-11).

Action: entry
Agreement: notes offering
Counterparty: Wilmington Trust, National Association
Value: $115 million
Effective: 2024-01-11

Exact text from the filing

The Notes were issued under the indenture, dated June 3, 2019 (the “Base Indenture”), as supplemented by the second supplemental indenture, dated January 11, 2024 (the “Second Supplemental Indenture,” and together with the Base Indenture, the “Indenture”), by and between the Company and Wilmington Trust, National Association, as trustee.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

MFA FINANCIAL, INC. entered into Underwriting Agreement with Wells Fargo Securities, LLC, Morgan Stanley & Co. LLC, Piper Sandler & Co. and UBS Securities LLC valued at $115 million (effective 2024-01-08).

Action: entry
Agreement: underwriting
Counterparty: Wells Fargo Securities, LLC, Morgan Stanley & Co. LLC, Piper Sandler & Co. and UBS Securities LLC
Value: $115 million
Effective: 2024-01-08

Exact text from the filing

The Notes were sold pursuant to an underwriting agreement (the “Underwriting Agreement”), dated as of January 8, 2024, by and between the Company and Wells Fargo Securities, LLC, Morgan Stanley & Co. LLC, Piper Sandler & Co. and UBS Securities LLC, as representatives of the several underwriters named therein (collectively, the “Underwriters”), whereby the Company agreed to sell to the Underwriters and the Underwriters agreed to purchase from the Company, subject to and upon the terms and conditions set forth in the Underwriting Agreement, the Notes.

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283 debt financings filed in the last 30 days. Browse all debt financings →

MFA FINANCIAL, INC. filing history →

Source: SEC EDGAR

accession 0001104659-24-003313

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