secwatch.observer — SEC 8-K summary
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Issuer:     Ellington Credit Co (EARN)
CIK:        0001560672
Form:       8-K
Filed at:   2026-03-26T23:59:59+00:00
Accession:  0001628280-26-021420
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1560672/000162828026021420/0001628280-26-021420-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1560672/000162828026021420/earn-20260325.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-021420

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