Ellington Financial Inc. (NYSE: EFC) announced on September 30, 2025 that it will offer $400 million in aggregate principal amount of senior unsecured notes due 2030. The notes will be issued through certain subsidiaries and will be fully and unconditionally guaranteed by the company.
The company expects to use the net proceeds from the offering for general corporate purposes, including repaying a portion of the borrowings under its outstanding repurchase agreements and funding purchases of additional assets in line with its investment objectives.
The notes will be senior unsecured obligations of the issuers, providing the company with a flexible, long‑term financing source that complements its existing capital structure and liquidity position.
By securing a guaranteed debt facility, Ellington Financial aims to strengthen its balance sheet, support continued portfolio expansion, and maintain the capacity to deploy capital into high‑yielding opportunities while preserving dividend coverage.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.