Cahill represented the initial purchasers in connection with a Rule 144A offering of $400 million aggregate principal amount of 7.375% Senior Notes due 2030 by Ellington Financial Inc. through certain of its subsidiaries.
Proceeds from the offering are expected to be used for general corporate purposes, including repaying a portion of the borrowings under its outstanding repurchase agreements and funding purchases of additional assets in accordance with its investment objectives and strategies.
Ellington Financial Inc. invests in a diverse array of financial assets, including residential and commercial mortgage loans and mortgage-backed securities, reverse mortgage loans, mortgage servicing rights and related investments, consumer loans, asset-backed securities, collateralized loan obligations, non-mortgage and mortgage-related derivatives, debt and equity investments in loan origination companies, and other strategic investments.