Ellington Financial Closes $400 Million Senior Unsecured Notes Offering
Reuters
Oct 07
Ellington Financial Closes $400 Million Senior Unsecured Notes Offering
$Ellington Financial Inc.(EFC-B)$ $(EFC)$ has announced the closing of its offering of $400 million in aggregate principal amount of 7.375% senior unsecured notes due September 30, 2030. The notes, issued through certain Ellington subsidiaries and fully and unconditionally guaranteed by the company, are senior unsecured obligations. The company intends to use the net proceeds for general corporate purposes, including repaying a portion of its outstanding repurchase agreements and funding the purchase of additional assets in line with its investment objectives. The notes have not been registered under the Securities Act of 1933 and were offered only to qualified institutional buyers under Rule 144A and to non-U.S. persons in reliance on Regulation S. No URL for the full prospectus is included in the document.
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