debt
confidence high
sentiment neutral
materiality 0.50
Ellington Financial issues $150M of 7.375% senior notes due 2030
Ellington Financial Inc.
- Issued $150M aggregate principal of 7.375% senior notes due Sep 30, 2030, priced at 99.010% with 7.663% yield to maturity.
- Notes are additional notes under existing indenture, consolidated with $400M existing notes into a single class (total $550M).
- Proceeds to repay repurchase agreement borrowings and fund additional asset purchases per investment strategy.
- Parent Ellington Financial Inc. fully and unconditionally guarantees the notes; notes are senior unsecured obligations of issuers.