OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Financial LLC (NYSE:EFC) ("Ellington Financial" or the "Company") closed today its private placement to eligible purchasers of $86 million in aggregate principal amount of 5.25% senior unsecured notes due September 2022 at 100% of par.

The Company intends to use the net proceeds from the offering to acquire its targeted assets. The Company may also use the net proceeds of the offering for working capital and general corporate purposes.

Sandler O’Neill + Partners, L.P. served as the sole initial purchaser for the offering.

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.