Ropes & Gray represented the underwriters in Ellington Financial Inc.’s $118.5 million underwritten follow-on offering of 8,775,000 shares of its common stock. The transaction closed on Jan. 28.
Ellington Financial invests in a diverse array of financial assets, including residential and commercial mortgage loans and mortgage-backed securities, reverse mortgage loans, mortgage servicing rights and related investments, consumer loans, asset-backed securities, collateralized loan obligations, non-mortgage and mortgage-related derivatives, debt and equity investments in loan origination companies, and other strategic investments. Ellington Financial is externally managed and advised by Ellington Financial Management LLC, an affiliate of Ellington Management Group, L.L.C.
The team was led by capital markets partners Paul Tropp and Christopher Capuzzi.
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