Ellington Financial announced on Monday that it upsized its offering of 7.375% senior unsecured notes due in 2030 to $150M, up from the previously planned $100M. The notes were priced at 99.01% of face value, giving investors a 7.663% yield to maturity. The new notes will rank alongside the company's existing $400M of 7.375% senior unsecured notes and will be fully guaranteed by the company. The offering is expected to close on September 17, 2026, with net proceeds expected to support general corporate purposes, including repaying a portion of outstanding borrowings and funding additional asset purchases.
Ellington Financial Inc.Ellington upsized its 2030 senior notes offering to $150M at 7.375%, a financing event with proceeds for debt repayment and asset purchases.
