Ellington Financial closes USD 150 million senior unsecured notes offering - EFC News | RalliesEllington Financial closes USD 150 million senior unsecured notes offering
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EFC• Ellington Financial closes notes offering
- Ellington Financial closed a USD 150 million offering of 7.375% senior unsecured notes due 2030.
- New notes priced at 99.01, implying a 7.66% yield to maturity.
- Proceeds are earmarked for general corporate purposes, including repurchase-agreement paydowns and funding additional asset purchases.
- The notes were issued as add-on notes to the existing USD 400 million 7.375% senior unsecured notes due 2030.
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