Ellington Financial Announces $400 Million Senior Unsecured Notes Offering
Reuters
Sep 29
Ellington Financial Announces $400 Million Senior Unsecured Notes Offering
$Ellington Financial Inc.(EFC-B)$ $(EFC)$ has announced a proposed offering of $400 million in aggregate principal amount of senior unsecured notes due 2030. The notes, to be issued through certain subsidiaries, will be fully and unconditionally guaranteed by Ellington Financial Inc. The company plans to use the net proceeds for general corporate purposes, including repaying a portion of outstanding repurchase agreements and funding additional asset purchases in line with its investment strategy. The notes and guarantee have not been registered under the Securities Act and are being offered only to qualified institutional buyers under Rule 144A and to non-U.S. persons outside the United States under Regulation S.
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