Ellington Financial Inc. announced on September 14, 2026, that it plans to offer $100 million in aggregate principal amount of 7.375% senior unsecured notes due 2030. The offering is to be conducted through certain subsidiaries of the company, known as the Issuers.
The new notes, referred to as the "New Notes," will be issued as additional debt under an indenture dated October 6, 2025. This indenture already governs $400 million in aggregate principal amount of 7.375% senior unsecured notes due 2030, referred to as the "Existing Notes." The New Notes will be treated as a single class with the Existing Notes for all purposes under the indenture and will carry identical terms and conditions, with the exception of the issue date, first record date, first interest payment date, and the date from which interest will accrue.
The New Notes will be senior unsecured obligations of the Issuers and will be fully and unconditionally guaranteed by Ellington Financial Inc. The company expects to use the net proceeds from this offering for general corporate purposes. Specifically, the funds will be used to repay a portion of borrowings under outstanding repurchase agreements and to fund the purchase of additional assets in accordance with the company's investment objectives and strategies.
The notes and the guarantee have not been registered under the Securities Act of 1933 or the securities laws of any other jurisdiction. Consequently, the offering will be restricted to qualified institutional buyers under Rule 144A and non-U.S. persons outside the United States in reliance on Regulation S.
