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Ellington Financial Inc. Closes Common Stock Offering

Deals & Cases
October 15, 2021
Ellington Financial Inc. Prices Common Stock Offering Background Image
Deals & Cases
October 15, 2021

Vinson & Elkins advised Ellington Financial Inc. in connection with an underwritten public offering of 5,000,000 shares of common stock for total expected gross proceeds of $91.3 million, before underwriting fees and estimated offering expenses.

The offering closed on October 15, 2021.

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 team was led by partners Daniel LeBey and Chris Green, with assistance from senior associate Zach Swartz and associate Bekah Briggs.

About Vinson & Elkins
For more than a century, Vinson & Elkins has provided outstanding client service across important industries that drive the global economy. Built on a strong culture of collaboration across 11 offices worldwide, V&E lawyers are committed to excellence, offering clients decades of legal experience in handling transactions, investments, projects and disputes across the globe. Learn more by visiting www.velaw.com or connect with us on LinkedIn.

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