Ellington Financial Inc. filed a Form 8-K with the SEC on September 14, 2026, disclosing plans to offer $100 million in aggregate principal amount of 7.375% senior unsecured notes due 2030 through certain of its subsidiaries.

Key Highlights

  • New Notes size: $100 million in aggregate principal amount of 7.375% senior unsecured notes due 2030
  • Existing Notes tap: The New Notes will be issued as additional notes under the same indenture dated October 6, 2025, under which $400 million of 7.375% senior unsecured notes due 2030 were previously issued
  • Single class treatment: The New Notes will be treated as a single class with the Existing Notes and will have identical terms and conditions, except for the issue date, first interest payment date, interest accrual date, and, if applicable, issue price
  • Company guarantee: The New Notes will be fully and unconditionally guaranteed by Ellington Financial Inc.
  • Intended use of proceeds: General corporate purposes, including repaying a portion of borrowings under outstanding repurchase agreements and funding purchases of additional assets
  • Offering restriction: The New Notes are unregistered and will be offered only to qualified institutional buyers under Rule 144A and to non-U.S. persons outside the United States under Regulation S

Ellington Financial Announces Add-On to 7.375% Senior Notes Due 2030

According to the filing, Ellington Financial Inc. (NYSE:EFC) issued a press release on September 14, 2026, announcing plans for a senior notes offering through certain of its subsidiaries, referred to in the filing as the "Issuers." The New Notes carry an interest rate of 7.375% and are due in 2030, matching the terms of $400 million in notes previously issued under the same indenture dated October 6, 2025.

The filing states that the New Notes will be treated as a single class for all purposes under the existing indenture and will have identical terms and conditions to the Existing Notes, with the noted exceptions of the issue date, the first interest payment date, the date from which interest will accrue, and, if applicable, the issue price. The New Notes will constitute senior unsecured obligations of the Issuers and will be fully and unconditionally guaranteed by the Company, according to the disclosure.

The Company disclosed that it expects to use net proceeds for general corporate purposes, including repaying a portion of borrowings under outstanding repurchase agreements and funding purchases of additional assets in accordance with its investment objectives and strategies. The filing notes that the New Notes and the guarantee have not been registered under the Securities Act of 1933, and the offering is limited to qualified institutional buyers under Rule 144A and to non-U.S. persons outside the United States under Regulation S. The report was signed by JR Herlihy, Chief Financial Officer of Ellington Financial Inc.

What Was Disclosed

Ellington Financial Inc. disclosed plans to offer $100 million of 7.375% senior unsecured notes due 2030 as an add-on to an existing $400 million note issuance, with proceeds intended for general corporate purposes including repurchase agreement repayment and asset purchases.