Financing ·
Ellington Financial closes $150 million private offering of 7.375% senior notes due September 2030
EFCEllington Financial Inc.
Ellington Financial Inc. closed a private offering of $150 million in aggregate principal amount of additional 7.375% unsecured senior notes due September 30, 2030. The notes were issued at 99.010% of their principal amount with a yield to maturity of 7.663%. Interest is payable semi-annually on March 31 and September 30. The company intends to use net proceeds for general corporate purposes, including repaying borrowings under outstanding repurchase agreements and funding asset purchases. This transaction supplements the existing indenture established in October 2025. Ellington Financial Inc. invests in a diverse array of financial assets, including residential and commercial mortgage loans, mortgage-backed securities, and other strategic investments.