Ellington Credit Company Issues $50 Million 8.50% Notes Due 2031, With NYSE Listing Planned
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Ellington Credit Company has issued $50 million in 8.50% Notes due 2031, with an option for underwriters to purchase an additional $7.5 million. The unsecured senior notes, redeemable at par after March 30, 2028, will pay interest quarterly starting June 30, 2026. They are expected to be listed on the NYSE under the symbol "ELLA" within 30 days. Wilmington Trust serves as the trustee. This move aims to raise long-term capital and enhance financing flexibility.
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