---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-021420"
form_type: "8-K"
ticker: "EARN"
cik: "0001560672"
company_name: "Ellington Credit Co"
filed_at: "2026-03-26T23:59:59+00:00"
generated_at: "2026-05-15T08:49:20.929905+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Ellington Credit prices $50M of 8.50% notes due 2031; overallotment option of $7.5M

## Summary
- Aggregate principal amount of $50 million; interest rate 8.50% per annum; maturity March 30, 2031.
- Underwriters have 30-day option to purchase up to an additional $7.5 million of notes.
- Notes rated 'BBB' by Egan-Jones; expected to list on NYSE under ticker 'ELLA'.
- Net proceeds to fund asset purchases and repay short-term reverse repurchase borrowings.
- Piper Sandler & Co. is lead book-runner; closing expected March 30, 2026.

## SEC filing metadata
- accession: 0001628280-26-021420
- form_type: 8-K
- ticker: EARN
- cik: 0001560672
- company_name: Ellington Credit Co
- filed_at: 2026-03-26T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1560672/000162828026021420/0001628280-26-021420-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1560672/000162828026021420/earn-20260325.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-021420
- JSON: https://secwatch.observer/filing/0001628280-26-021420.json
- Plain text: https://secwatch.observer/filing/0001628280-26-021420.txt

## Key facts
- Material Agreements
  Ellington Credit Co entered into Underwriting Agreement with Piper Sandler & Co., as representative of the several underwriters valued at $50 million (effective 2026-03-25).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: Piper Sandler & Co., as representative of the several underwriters
  - Value: $50 million
  - Effective: 2026-03-25
  source text: On March 25, 2026 (the "Effective Date", Ellington Credit Company (the “Fund”) entered into an underwriting agreement (the “Underwriting Agreement”) by and among the Fund, Ellington Credit Company Management LLC, Ellington Credit Company Administration LLC and Piper Sandler & Co., as representative of the several underwriters named therein (the “Underwriters”), in connection with the issuance and sale by the Fund of $50 million aggregate principal amount of the Fund's 8.50% notes due 2031 (the “2031 Notes”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1560672/000162828026021420/0001628280-26-021420-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.