Ellington Financial Inc. (EFC): debt financing — Ellington Financial closes $400M offering of 7.375% senior unsecured notes due 2030

Ellington Financial Inc.

$400M aggregate principal, 7.375% interest payable semi-annually, matures Sept 30, 2030.
Notes are senior unsecured obligations of subsidiaries, fully guaranteed by Ellington Financial Inc.
Net proceeds to repay repurchase agreement borrowings and fund additional asset purchases.
Redeemable at issuer's option: make-whole until Sept 2027, then at 103.688% (2027), 101.844% (2028), 100% (2029+).
Change of control put at 101% of principal plus accrued interest.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.99

Ellington Financial Inc. incurred senior notes of $400.0 million with qualified institutional buyers and non-U.S. persons at 7.375% maturing September 30, 2030.

Instrument: senior notes
Principal: $400.0 million
Counterparty: qualified institutional buyers and non-U.S. persons
Rate: 7.375%
Maturity: September 30, 2030
Event: incurrence

Exact text from the filing

On October 6, 2025, Ellington Financial Operating Partnership LLC, EF Holdco Inc., EF Cayman Holdings Ltd., Ellington Financial REIT Cayman Ltd. and Ellington Financial REIT TRS LLC (the “Issuers”), subsidiaries of Ellington Financial Inc. (the “Company”), issued $400.0 million in aggregate principal amount of 7.375% unsecured senior notes due 2030 (the “Notes”) under an indenture, dated as of October 6, 2025 (the “Indenture”), between the Issuers, the Company and Wilmington Trust, National Association, as trustee.

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Source: SEC EDGAR

accession 0001628280-25-044314

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