Ellington Financial Inc. (NYSE: EFC) announced on October 6, 2025 that it has closed a $400 million offering of 7.375% senior unsecured notes due September 30, 2030. The notes are senior unsecured obligations of the company’s subsidiaries and are fully and unconditionally guaranteed by EFC.
The company will use the net proceeds for general corporate purposes, including repaying a portion of borrowings under its outstanding repurchase agreements and funding purchases of additional assets in line with its investment objectives. The issuance provides a low‑cost, long‑term financing source that supports the firm’s growth and liquidity strategy.
By closing the offering, EFC reduces its reliance on short‑term funding and strengthens its balance sheet, positioning the company to pursue new loan origination and securitization opportunities while maintaining flexibility for future capital needs.
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