Ellington Financial Inc. Announces $100M 7.375% Senior Notes Offering

What Happened Ellington Financial Inc. (the "Company") announced on September 14, 2026 (filed via Form 8‑K) that certain subsidiaries will offer $100 million aggregate principal of 7.375% senior unsecured notes due 2030 (the “New Notes”). The New Notes will be issued as additional notes under the indenture dated October 6, 2025, and will be treated as a single class with the Company’s existing $400 million of 7.375% senior unsecured notes due 2030 (the “Existing Notes”), with identical terms except for issue date and first interest payment details. The New Notes will be fully and unconditionally guaranteed by Ellington Financial Inc.

Key Details

• Offering size: $100 million aggregate principal of 7.375% senior unsecured notes due 2030.
• Relation to prior issuance: New Notes will be additional notes under the Oct 6, 2025 indenture and will rank and have identical terms as the Existing Notes ($400 million of 7.375% notes due 2030).
• Security and guarantees: Senior unsecured obligations of the issuing subsidiaries, fully and unconditionally guaranteed by Ellington Financial Inc.
• Use of proceeds: Net proceeds expected to be used for general corporate purposes, including repaying part of borrowings under repurchase agreements and funding purchases of additional assets.

Why It Matters This offering would increase Ellington’s long-term fixed‑rate senior unsecured debt by $100 million while keeping the notes on the same terms and maturity as the existing 7.375% notes due 2030. For investors, key points are the fixed 7.375% coupon, the 2030 maturity, and the stated uses of proceeds (reducing repurchase agreement borrowings and buying assets), all of which can affect the company’s leverage, interest expense profile, and liquidity strategy. The filing includes a press release (Exhibit 99.1) and was signed by the Company’s CFO on Sept 14, 2026.