Ellington Financial Inc. Announces Pricing of Common Stock Offering
Vinson & Elkins advised Ellington Financial Inc. in connection with its underwritten public offering of 4,200,000 shares of common stock at a price to the public of $18.20 per share. The offering priced on November 18, 2019 and is expected to close on November 21, 2019.
Ellington Financial invests in a diverse array of financial
assets, including residential and commercial mortgage loans, residential and
commercial mortgage-backed securities, consumer loans and asset-backed
securities backed by consumer loans, collateralized loan obligations,
non-mortgage and mortgage-related derivatives, equity investments in loan
origination companies and other strategic investments.
The V&E corporate team was led by partners Daniel LeBey
and Chris Green, with assistance from associates Caroline Bailey and Bekah
Briggs and senior staff attorney Ashton Harris.