艾灵顿信贷公司宣布发行2031年到期的无担保票据

2026-03-25 21:13

Ellington Credit Company (EARN) announced on Wednesday the commencement of an underwritten public offering of unsecured notes due 2031.
The public offering price, interest rate, and other terms will be determined through negotiations between the fund and the underwriters.
The 2031 Notes have been rated ‘BBB’ by Egan-Jones Ratings Company, an independent rating agency unaffiliated with the Fund. The Fund intends to grant the underwriters a 30-day option to purchase additional 2031 Notes at the same price and on the same terms and conditions to cover overallotments, if any.
The Fund expects to use the net proceeds from the offering for general corporate purposes, including funding purchases of additional assets in accordance with the Fund’s investment objectives and strategies and (ii) repaying short-term borrowings under reverse repurchase agreements, which the Fund uses to finance many of its investments.
The 2031 Notes are expected to be listed on the New York Stock Exchange and to trade thereon within 30 days of the original issue date under the ticker symbol “ELLA”.
EARN -0.91% premarket to $4.36.
Source: Press Release

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