trending Market Intelligence /marketintelligence/en/news-insights/trending/9SL8D3_pdx62Tg8IwMM32g2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Ellington Financial prices common stock offering

Blog

Banking Essentials Newsletter - February Edition, Part 2

Podcasts

StreetTalk – Episode 74: Investor sees legs in strong credit performance, US bank stock rally

Blog

Street Talk – Episode 74: Investor sees legs in strong credit performance, US bank stock rally

Blog

The Evolution of ESG Factors in Credit Risk Assessment: Environmental Issues


Ellington Financial prices common stock offering

Ellington Financial Inc. priced an underwritten public offering of 4.6 million common shares at a price to the public of $18.29 per share.

The Old Greenwich, Conn.-based company granted the underwriters an option for 30 days to buy up to an additional 690,000 common shares.

The offering is expected to close Jan. 24.

Ellington Financial expects to use the net proceeds of the offering to acquire its targeted assets. Net proceeds may also be used for working capital and general corporate purposes.

Morgan Stanley & Co. LLC, Credit Suisse Securities (USA) LLC, BofA Securities, UBS Securities LLC and Keefe Bruyette & Woods Inc. are joint book-running managers for the offering.