Ellington Credit raises $54 million through notes offering
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Ellington Credit Company Closes Offering of Unsecured Notes
March 31, 2026 5:17 PM EDTOffering Size Increased Through Partial Exercise of Over-Allotment Option
OLD GREENWICH, Conn.--(BUSINESS WIRE)-- Ellington Credit Company (NYSE: EARN) (the Fund) today announced the closing of its previously announced underwritten public offering of $50.0 million aggregate principal amount of 8.50% notes due 2031 (the "2031 Notes"). The Fund further announced that the underwriters partially exercised their over-allotment option and purchased an additional $4.0 million aggregate principal amount of 2031 Notes, bringing the total offering size to $54.0 million to date.
The 2031 Notes have been rated BBB by Egan-Jones Ratings Company, an independent rating agency... More
