Ellington Financial Inc. Announces Pricing of Common Stock Offering
Vinson & Elkins is advising Ellington Financial Inc. in connection with an underwritten public offering of 4,600,000 shares of common stock at a price to the public of $18.29 per share.
The offering priced on January 21, 2020 and is expected to
close on January 24, 2020.
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 partner
Daniel LeBey with assistance from partner Chris Green, senior associates
Caroline Bailey and Zach Swartz and associate Bekah Briggs.