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Ellington Financial Plans $400 Million Offering of Senior Unsecured Notes

BY MT Newswires | CORPORATE | 09/29/25 08:38 AM EDT

08:38 AM EDT, 09/29/2025 (MT Newswires) -- Ellington Financial (EFC) said Monday that it plans to offer $400 million in aggregate principal amount of senior unsecured notes due 2030 through certain of its units.

The company said it will fully and unconditionally guarantee the notes.

Ellington said it expects to use the net proceeds for general corporate purposes, such as repaying a portion of the borrowings under its outstanding repurchase agreements and funding future asset purchases.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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