{"success":true,"data":{"pressRelease":{"id":"146672","rtpr_id":"nBw6YsZD0a-20260917","ticker":"EFC","exchange":"NYSE","all_tickers":["EFC"],"title":"Ellington Financial Closes Additional 7.375% Senior Unsecured Notes Offering","author":"Business Wire","published_at":"2026-09-17T14:17:00.083Z","article_body":"Ellington Financial Closes Additional 7.375% Senior Unsecured Notes Offering\n\nEllington Financial Inc. (NYSE: EFC) (the “Company”) today announced that\nit has closed its previously announced offering of $150 million in aggregate\nprincipal amount of 7.375% senior unsecured notes due 2030 (the “New\nNotes”) through certain of its subsidiaries (such subsidiaries, the\n“Issuers”). The New Notes are senior unsecured obligations of the Issuers\nand are fully and unconditionally guaranteed by the Company. The New Notes\nwere issued at a price of 99.010% of their principal amount, with a yield to\nmaturity of 7.663%.\n\nThe Company expects to use the net proceeds from the offering for general\ncorporate purposes, including repaying a portion of the borrowings under the\nCompany’s outstanding repurchase agreements and funding purchases of\nadditional assets in accordance with its investment objectives and strategies.\n\nThe New Notes have been offered as additional notes under the indenture, dated\nas of October 6, 2025 (the “Indenture”), pursuant to which the Issuers\npreviously issued $400 million in aggregate principal amount of 7.375% senior\nunsecured notes due 2030 (the “Existing Notes”). The New Notes will be\ntreated as a single class with the Existing Notes for all purposes under the\nIndenture, and will have identical terms and conditions as the Existing Notes\n(other than the issue date, the first record date, the first interest payment\ndate, the date from which interest will accrue and the issue price).\n\nThe New Notes and the guarantee have not been registered under the Securities\nAct of 1933, as amended (the “Securities Act”), or the securities laws of\nany other jurisdiction, and unless so registered, may not be offered or sold\nin the United States except pursuant to an exemption from, or in a transaction\nnot subject to, the registration requirements of the Securities Act and the\nsecurities laws of any other applicable jurisdiction. The New Notes have been\noffered only to persons reasonably believed to be qualified institutional\nbuyers under Rule 144A under the Securities Act and to non-U.S. persons\noutside the United States in reliance on Regulation S under the Securities\nAct.\n\nThis press release is neither an offer to sell nor a solicitation of an offer\nto buy the New Notes or any other securities and shall not constitute an offer\nto sell or a solicitation of an offer to buy, or a sale of, the New Notes or\nany other securities in any jurisdiction in which such offer, solicitation or\nsale is unlawful.\n\nCautionary Statement Regarding Forward-Looking Statements\n\nThis press release contains forward-looking statements within the meaning of\nthe safe harbor provisions of the Private Securities Litigation Reform Act of\n1995, including those relating to the closing of the offering of the New Notes\nand the use of proceeds therefrom. Forward-looking statements involve numerous\nrisks and uncertainties. Our actual results may differ from our beliefs,\nexpectations, estimates, and projections and, consequently, you should not\nrely on these forward-looking statements as predictions of future events.\nForward-looking statements are not historical in nature and can be identified\nby words such as \"believe,\" \"expect,\" \"anticipate,\" \"estimate,\" \"project,\"\n\"plan,\" \"continue,\" \"intend,\" \"should,\" \"would,\" \"could,\" \"goal,\" \"objective,\"\n\"will,\" \"may,\" \"seek\" or similar expressions or their negative forms, or by\nreferences to strategy, plans, or intentions. Forward-looking statements are\nbased on our beliefs, assumptions and expectations of our future operations,\nbusiness strategies, performance, financial condition, liquidity and\nprospects, taking into account information currently available to us. These\nbeliefs, assumptions, and expectations are subject to risks and uncertainties\nand can change as a result of many possible events or factors, not all of\nwhich are known to us. If a change occurs, our business, financial condition,\nliquidity, results of operations and strategies may vary materially from those\nexpressed or implied in our forward-looking statements. The following factors\nare examples of those that could cause actual results to vary from our\nforward-looking statements: risks and uncertainties associated with our\nability to complete the offering of the New Notes and general market\nconditions that might affect the offering, changes in interest rates and the\nmarket value of our investments, market volatility, changes in mortgage\ndefault rates and prepayment rates, our ability to borrow to finance our\nassets, changes in government regulations affecting our business, our ability\nto maintain our exclusion from registration under the Investment Company Act\nof 1940, our ability to maintain our qualification as a real estate investment\ntrust, or \"REIT,\" and other changes in market conditions and economic trends,\nsuch as changes to fiscal or monetary policy, heightened inflation, slower\ngrowth or recession, and currency fluctuations. Furthermore, forward-looking\nstatements are subject to risks and uncertainties, including, among other\nthings, those described under Item 1A of our Annual Report on Form 10-K, which\ncan be accessed at the SEC's website (www.sec.gov\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.sec.gov&esheet=54605748&newsitemid=20260916816289&lan=en-US&anchor=www.sec.gov&index=1&md5=9575c1a0ce9d67c773cc6d7117708f5b)\n). Other risks, uncertainties, and factors that could cause actual results to\ndiffer materially from those projected or implied may be described from time\nto time in reports we file with the SEC, including reports on Forms 10-Q, 10-K\nand 8-K. We undertake no obligation to update or revise any forward-looking\nstatements, whether as a result of new information, future events, or\notherwise.\n\nAbout Ellington Financial\n\nEllington Financial invests in a diverse array of financial assets, including\nresidential and commercial mortgage loans and mortgage-backed securities,\nreverse mortgage loans, mortgage servicing rights and related investments,\nconsumer loans, asset-backed securities, collateralized loan obligations,\nnon-mortgage and mortgage-related derivatives, debt and equity investments in\nloan origination companies, and other strategic investments. Ellington\nFinancial is externally managed and advised by Ellington Financial Management\nLLC, an affiliate of Ellington Management Group, L.L.C.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260916816289/en/\n(https://www.businesswire.com/news/home/20260916816289/en/)\n\nInvestors:\n\nEllington Financial\n\nInvestor Relations\n\n(203) 409-3575\n\ninfo@ellingtonfinancial.com \n(mailto:info@ellingtonfinancial.com) \n\n\nOr\n\n\n\nMedia:\n\nAmanda Shpiner/Grace Cartwright\n\nGasthalter & Co.\n\nfor Ellington Financial\n\n(212) 257-4170\n\nellington@gasthalter.com (mailto:ellington@gasthalter.com)\n\n\nCopyright Business Wire 2026","article_body_html":"","raw_payload":{"data":{"id":"nBw6YsZD0a-20260917","title":"Ellington Financial Closes Additional 7.375% Senior Unsecured Notes Offering","author":"Business Wire","ticker":"EFC","created":"2026-09-17T14:17:00.083Z","tickers":["EFC"],"exchange":"NYSE","article_body":"Ellington Financial Closes Additional 7.375% Senior Unsecured Notes Offering\n\nEllington Financial Inc. (NYSE: EFC) (the “Company”) today announced that\nit has closed its previously announced offering of $150 million in aggregate\nprincipal amount of 7.375% senior unsecured notes due 2030 (the “New\nNotes”) through certain of its subsidiaries (such subsidiaries, the\n“Issuers”). The New Notes are senior unsecured obligations of the Issuers\nand are fully and unconditionally guaranteed by the Company. The New Notes\nwere issued at a price of 99.010% of their principal amount, with a yield to\nmaturity of 7.663%.\n\nThe Company expects to use the net proceeds from the offering for general\ncorporate purposes, including repaying a portion of the borrowings under the\nCompany’s outstanding repurchase agreements and funding purchases of\nadditional assets in accordance with its investment objectives and strategies.\n\nThe New Notes have been offered as additional notes under the indenture, dated\nas of October 6, 2025 (the “Indenture”), pursuant to which the Issuers\npreviously issued $400 million in aggregate principal amount of 7.375% senior\nunsecured notes due 2030 (the “Existing Notes”). The New Notes will be\ntreated as a single class with the Existing Notes for all purposes under the\nIndenture, and will have identical terms and conditions as the Existing Notes\n(other than the issue date, the first record date, the first interest payment\ndate, the date from which interest will accrue and the issue price).\n\nThe New Notes and the guarantee have not been registered under the Securities\nAct of 1933, as amended (the “Securities Act”), or the securities laws of\nany other jurisdiction, and unless so registered, may not be offered or sold\nin the United States except pursuant to an exemption from, or in a transaction\nnot subject to, the registration requirements of the Securities Act and the\nsecurities laws of any other applicable jurisdiction. The New Notes have been\noffered only to persons reasonably believed to be qualified institutional\nbuyers under Rule 144A under the Securities Act and to non-U.S. persons\noutside the United States in reliance on Regulation S under the Securities\nAct.\n\nThis press release is neither an offer to sell nor a solicitation of an offer\nto buy the New Notes or any other securities and shall not constitute an offer\nto sell or a solicitation of an offer to buy, or a sale of, the New Notes or\nany other securities in any jurisdiction in which such offer, solicitation or\nsale is unlawful.\n\nCautionary Statement Regarding Forward-Looking Statements\n\nThis press release contains forward-looking statements within the meaning of\nthe safe harbor provisions of the Private Securities Litigation Reform Act of\n1995, including those relating to the closing of the offering of the New Notes\nand the use of proceeds therefrom. Forward-looking statements involve numerous\nrisks and uncertainties. Our actual results may differ from our beliefs,\nexpectations, estimates, and projections and, consequently, you should not\nrely on these forward-looking statements as predictions of future events.\nForward-looking statements are not historical in nature and can be identified\nby words such as \"believe,\" \"expect,\" \"anticipate,\" \"estimate,\" \"project,\"\n\"plan,\" \"continue,\" \"intend,\" \"should,\" \"would,\" \"could,\" \"goal,\" \"objective,\"\n\"will,\" \"may,\" \"seek\" or similar expressions or their negative forms, or by\nreferences to strategy, plans, or intentions. Forward-looking statements are\nbased on our beliefs, assumptions and expectations of our future operations,\nbusiness strategies, performance, financial condition, liquidity and\nprospects, taking into account information currently available to us. These\nbeliefs, assumptions, and expectations are subject to risks and uncertainties\nand can change as a result of many possible events or factors, not all of\nwhich are known to us. If a change occurs, our business, financial condition,\nliquidity, results of operations and strategies may vary materially from those\nexpressed or implied in our forward-looking statements. The following factors\nare examples of those that could cause actual results to vary from our\nforward-looking statements: risks and uncertainties associated with our\nability to complete the offering of the New Notes and general market\nconditions that might affect the offering, changes in interest rates and the\nmarket value of our investments, market volatility, changes in mortgage\ndefault rates and prepayment rates, our ability to borrow to finance our\nassets, changes in government regulations affecting our business, our ability\nto maintain our exclusion from registration under the Investment Company Act\nof 1940, our ability to maintain our qualification as a real estate investment\ntrust, or \"REIT,\" and other changes in market conditions and economic trends,\nsuch as changes to fiscal or monetary policy, heightened inflation, slower\ngrowth or recession, and currency fluctuations. Furthermore, forward-looking\nstatements are subject to risks and uncertainties, including, among other\nthings, those described under Item 1A of our Annual Report on Form 10-K, which\ncan be accessed at the SEC's website (www.sec.gov\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.sec.gov&esheet=54605748&newsitemid=20260916816289&lan=en-US&anchor=www.sec.gov&index=1&md5=9575c1a0ce9d67c773cc6d7117708f5b)\n). Other risks, uncertainties, and factors that could cause actual results to\ndiffer materially from those projected or implied may be described from time\nto time in reports we file with the SEC, including reports on Forms 10-Q, 10-K\nand 8-K. We undertake no obligation to update or revise any forward-looking\nstatements, whether as a result of new information, future events, or\notherwise.\n\nAbout Ellington Financial\n\nEllington Financial invests in a diverse array of financial assets, including\nresidential and commercial mortgage loans and mortgage-backed securities,\nreverse mortgage loans, mortgage servicing rights and related investments,\nconsumer loans, asset-backed securities, collateralized loan obligations,\nnon-mortgage and mortgage-related derivatives, debt and equity investments in\nloan origination companies, and other strategic investments. Ellington\nFinancial is externally managed and advised by Ellington Financial Management\nLLC, an affiliate of Ellington Management Group, L.L.C.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260916816289/en/\n(https://www.businesswire.com/news/home/20260916816289/en/)\n\nInvestors:\n\nEllington Financial\n\nInvestor Relations\n\n(203) 409-3575\n\ninfo@ellingtonfinancial.com \n(mailto:info@ellingtonfinancial.com) \n\n\nOr\n\n\n\nMedia:\n\nAmanda Shpiner/Grace Cartwright\n\nGasthalter & Co.\n\nfor Ellington Financial\n\n(212) 257-4170\n\nellington@gasthalter.com (mailto:ellington@gasthalter.com)\n\n\nCopyright Business Wire 2026"},"type":"article","timestamp":"2026-09-17T14:17:00.12833713Z","server_sent_at_ms":1789654620128},"received_at":"2026-09-17T14:17:00.187Z","source_url":"https://www.businesswire.com/news/home/20260916816289/en/"},"analysis":{"id":"135504","press_release_id":"146672","analysis_json":{"industry":{"label":"Mortgage Real Estate Investment Trusts (REITs)","sector":"Real Estate"},"redFlags":["7.663% yield to maturity signals an elevated cost of unsecured debt for the REIT","partial use of proceeds to repay repurchase agreement borrowings indicates ongoing reliance on short-term leverage","notes issued below par (99.010%) and sold unregistered under Rule 144A/Reg S"],"eventType":"debt_offering","narrative":"Ellington Financial closed a $150 million add-on offering of 7.375% senior unsecured notes due 2030, priced at 99.010% of principal for a 7.663% yield to maturity.\n\nThe new notes tap the existing $400 million series issued under the October 6, 2025 indenture and will form a single class with identical terms, fully and unconditionally guaranteed by Ellington Financial Inc.\n\nProceeds are earmarked for general corporate purposes, including repaying a portion of repurchase agreement borrowings and funding additional asset purchases; the notes were sold unregistered to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Credit-desk note only: EFC extends funding mix beyond repo via a $150M tap of its 7.375% 2030 notes at 99.01 (7.66% YTM)."},"keyFigures":{"dealValueUsd":150000000,"customDimensions":{"coupon":"7.375%","maturity":"2030","issue_price":"99.010% of principal","registration":"Rule 144A / Regulation S (unregistered)","yield_to_maturity":"7.663%","existing_notes_under_indenture":"$400 million"}},"namedEntities":{"people":[],"products":["7.375% senior unsecured notes due 2030"],"companies":[{"name":"Ellington Financial Inc.","ticker":"EFC","relationship":"filer / guarantor"},{"name":"Ellington Financial Management LLC","relationship":"external manager"},{"name":"Ellington Management Group, L.L.C.","relationship":"affiliate of external manager"},{"name":"Gasthalter & Co.","relationship":"media relations"}],"dollarAmounts":[{"amount":"$150 million","context":"aggregate principal amount of New Notes closed"},{"amount":"$400 million","context":"Existing Notes previously issued under the October 6, 2025 indenture"}]},"materialImpact":{"score":2,"reasoning":"Routine liability-side financing: a $150M add-on to the company's existing 7.375% 2030 senior unsecured notes, sold under the same October 2025 indenture. No earnings, strategy, or capital-structure surprise; proceeds partly repay repo borrowings, which is standard mREIT funding management."},"tickerRelevance":{"others":[],"primary":"EFC"},"globalImportance":22,"audienceRelevance":25,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"mid-cap mREIT","eventGravity":"routine debt tap / add-on offering","sectorWeight":"mortgage REIT funding activity, moderately rate-sensitive","issuerAuthored":true,"marketCapAdjustment":"small absolute deal size relative to filer scale"}},"event_type":"debt_offering","event_type_secondary":null,"sentiment":"neutral","material_impact_score":2,"narrative":"Ellington Financial closed a $150 million add-on offering of 7.375% senior unsecured notes due 2030, priced at 99.010% of principal for a 7.663% yield to maturity.\n\nThe new notes tap the existing $400 million series issued under the October 6, 2025 indenture and will form a single class with identical terms, fully and unconditionally guaranteed by Ellington Financial Inc.\n\nProceeds are earmarked for general corporate purposes, including repaying a portion of repurchase agreement borrowings and funding additional asset purchases; the notes were sold unregistered to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S.","key_figures":{"dealValueUsd":150000000,"customDimensions":{"coupon":"7.375%","maturity":"2030","issue_price":"99.010% of principal","registration":"Rule 144A / Regulation S (unregistered)","yield_to_maturity":"7.663%","existing_notes_under_indenture":"$400 million"}},"named_entities":{"people":[],"products":["7.375% senior unsecured notes due 2030"],"companies":[{"name":"Ellington Financial Inc.","ticker":"EFC","relationship":"filer / guarantor"},{"name":"Ellington Financial Management LLC","relationship":"external manager"},{"name":"Ellington Management Group, L.L.C.","relationship":"affiliate of external manager"},{"name":"Gasthalter & Co.","relationship":"media relations"}],"dollarAmounts":[{"amount":"$150 million","context":"aggregate principal amount of New Notes closed"},{"amount":"$400 million","context":"Existing Notes previously issued under the October 6, 2025 indenture"}]},"model_name":"glm-5.3-flash","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-17T14:17:39.592Z","global_importance":22,"audience_relevance":25,"importance_components":{"tickerTier":"mid-cap mREIT","eventGravity":"routine debt tap / add-on offering","sectorWeight":"mortgage REIT funding activity, moderately rate-sensitive","issuerAuthored":true,"marketCapAdjustment":"small absolute deal size relative to filer scale"}},"durationMs":39396,"modelName":"glm-5.3-flash"}}