体育比分网

Middle Market Lending

The Annaly Middle Market Lending Group (“AMML”) provides financing to private equity backed middle market businesses across the capital structure. AMML’s direct origination strategy, including anchoring club and syndicated transactions, centers around credit intensive focus on defensive, non-discretionary industries and strong partnerships with U.S.-based private equity sponsors and intermediaries to source financing opportunities. Comprised primarily of first and second lien loans, AMML investments represent 10% of Annaly’s equity as of June 30, 2020. The robust credit work done in AMML gives Annaly a unique insight into domestic micro economies and is a powerful lens into the health of the business cycle. AMML’s investments complement Annaly’s longer duration fixed-rate agency mortgage-backed securities (MBS) portfolio, as they consist of shorter, floating-rate assets in comparison. AMML is a wholly-owned subsidiary of Annaly Capital Management, Inc.

 

 

Lien Position(1)
1st Lien 62% #7c91a6
2nd Lien 38% #4e6f99
Loan Size (2)
$0mm – $20mm 10% #4e6f99
$20mm – $40mm 20% #00304c
$40mm – $60mm 15% #c6bbaa
$60mm + 55% #7c91a6
Industry (3)
Computer Programming / Data Processing
19%
Management / Public Relations Services 13%
Chemicals and Chemical Preparations 7%  
Miscellaneous Business Services 6%  
Public Warehousing and Storage
5%
Engineering, Architectural, and Surveying 5%  
Metal Cans / Shipping Containers 5% 
Other 41%

Note: Data as of June 30, 2020. Percentages based on amortized cost and may not sum to 100% due to rounding.
1. Does not include minority equity, which represented 0.2% of the portfolio as of June 30, 2020.
2. Breakdown based on aggregate dollar amount of individual investments made within the respective loan size categories. Multiple investment positions with a single obligor shown as one individual investment.
3. Based on Standard Industrial Classification (SIC) industry categories. Other represents industries with less than 5% exposure in the current portfolio.