OLD GREENWICH, Conn.--(BUSINESS WIRE)--Nov. 1, 2017--
Ellington Financial LLC (NYSE: EFC) ("Ellington Financial" or the
"Company") announced today that it has extended the expiration date of
its offer to exchange up to $86,000,000 of new 5.25% Senior Notes due
2022 (the “Exchange Notes”) that have been registered under the
Securities Act of 1933, as amended, for an equal amount of outstanding
unregistered 5.25% Senior Notes due 2022 (the “Existing Notes”). As a
result of the extension, the exchange offer is now scheduled to expire
at 5:00 P.M., New York City time, on November 3, 2017, unless further
extended.
The exchange offer was originally set to expire at 5:00 P.M., New York
City time, on October 31, 2017. As of this date, tenders of
approximately $81 million aggregate principal amount, or 94%, of the
Existing Notes have been received pursuant to the exchange offer. Except
for the extension of the expiration date, all of the other terms of the
exchange offer remain as set forth in the exchange offer prospectus,
dated September 29, 2017.
This press release is not an offer to exchange the Exchange Notes for
the Existing Notes or the solicitation of an offer to exchange, which we
are making only through the exchange offer prospectus.
About Ellington Financial LLC
Ellington Financial LLC is a specialty finance company that primarily
acquires and manages mortgage-related and consumer-related assets,
including residential mortgage-backed securities, residential and
commercial mortgage loans, consumer loans and asset-backed securities
backed by consumer loans, commercial mortgage-backed securities, real
property, and mortgage-related derivatives. The Company also invests in
corporate debt and equity, including distressed debt, collateralized
loan obligations, non-mortgage-related derivatives, and other financial
assets, including private debt and equity investments in
mortgage-related entities. Ellington Financial LLC is externally managed
and advised by Ellington Financial Management LLC, an affiliate of
Ellington Management Group, L.L.C.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171101005912/en/
Source: Ellington Financial LLC
Investor:
Ellington Financial LLC
Maria Cozine, Vice President
of Investor Relations
Lisa Mumford, Chief Financial Officer
(203)
409-3575
info@ellingtonfinancial.com;
or
Media:
Gasthalter
& Co., for Ellington Financial LLC
Amanda Klein or Kevin
Fitzgerald, (212) 257-4170
Ellington@gasthalter.com.