Ellington Financial closes $400 million 7.375% senior notes offering due 2030
Ellington Financial Inc. said subsidiaries issued $400 million of 7.375% unsecured senior notes maturing September 30, 2030, in a private offering to qualified institutional buyers and non-U.S. persons. The company expects to use the net proceeds for general corporate purposes, including repaying part of its repurchase agreement borrowings and funding additional asset purchases.
Key points
- Principal amount of $400 million; notes mature September 30, 2030 and bear interest at 7.375% per year, payable semi-annually from March 31, 2026
- Company fully and unconditionally guarantees the notes; they are unsecured and rank pari passu with existing and future senior unsecured debt of the issuers
- Optional redemption starts at 103.688% of principal in 2027, stepping down to 100% from 2029; change of control repurchase price is 101.0% of principal
- Indenture requires a ratio of Consolidated Unencumbered Assets to Unsecured Indebtedness of at least 1.20 to 1.0
The filing
Written by AI on Nov 8, 2026, 6:58 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 06, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.