Ellington Financial Inc. Announces Underwritten Public Offering
Vinson & Elkins served as issuer’s counsel in connection with Ellington Financial Inc.’s underwritten public offering of 4,000,000 shares of 8.625% Series C Fixed-Rate Reset Cumulative Redeemable Preferred Stock, with a liquidation preference of $25.00 per share, for gross proceeds of $100 million before deducting underwriting discounts and estimated offering expenses.
The transaction closed on February 6, 2023.
The Vinson & Elkins team was led by partners Daniel LeBey, Chris Green and Zach Swartz, with assistance from associate Bekah Briggs and senior staff attorney Ashton Harris.
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