Ladder Announces Offering of $400 Million Senior Notes due 2025
September 11 2017 - 7:27AM
Business Wire
Ladder Capital Corp (“Ladder” or the “Company”) (NYSE:LADR)
announced today that its subsidiaries, Ladder Capital Finance
Holdings LLLP and Ladder Capital Finance Corporation (collectively,
the “Issuers”), intend to offer $400 million in aggregate principal
amount of senior notes due 2025 (the “Senior Notes”).
The Company intends to use the net proceeds of the offering to
repay existing secured debt, to pay offering related expenses and
for general corporate purposes.
The Senior Notes will be offered to qualified institutional
buyers pursuant to Rule 144A under the Securities Act of 1933, as
amended (the “Securities Act”), and outside the United States
pursuant to Regulation S under the Securities Act. The Senior Notes
have not been registered under the Securities Act and may not be
offered or sold in the United States absent registration or an
applicable exemption from the registration requirements. This press
release does not constitute an offer to sell the Senior Notes, nor
a solicitation for an offer to purchase the Senior Notes.
About Ladder
Ladder is an internally-managed real estate investment trust
that is a leader in commercial real estate finance. Ladder
originates and invests in a diverse portfolio of commercial real
estate and real estate-related assets, focusing on senior secured
assets. Ladder’s investment activities include: (i) direct
origination of commercial real estate first mortgage loans; (ii)
investments in investment grade securities secured by first
mortgage loans on commercial real estate; and (iii) investments in
net leased and other commercial real estate equity. Founded in
2008, Ladder is run by a highly experienced management team with
extensive expertise in all aspects of the commercial real estate
industry, including origination, credit, underwriting, structuring,
capital markets and asset management. Led by Brian Harris, the
Company’s Chief Executive Officer, Ladder is headquartered in New
York City and has branches in Los Angeles and Boca Raton.
Forward-Looking Statements
Certain statements in this release, including those relating to
the offering, may constitute “forward-looking” statements. These
statements are based on management’s current opinions,
expectations, beliefs, plans, objectives, assumptions or
projections regarding future events or future results. These
forward-looking statements are only predictions, not historical
fact, and involve certain risks and uncertainties, as well as
assumptions. Actual results and events could differ materially from
those stated, anticipated or implied by such forward-looking
statements. While the Company believes that its assumptions are
reasonable, it is very difficult to predict the impact of known
factors, and, of course, it is impossible to anticipate all factors
that could affect actual results. There are a number of risks and
uncertainties that could cause actual results to differ materially
from forward-looking statements made herein including, most
prominently, the risks discussed under the heading “Risk Factors”
in the Company’s Annual Report on Form 10-K for the year ended
December 31, 2016, as well as its consolidated financial
statements, related notes, and other financial information
appearing therein, and its other filings with the U.S. Securities
and Exchange Commission. Such forward-looking statements are made
only as of the date of this release. The Company expressly
disclaims any obligation or undertaking to release any updates or
revisions to any forward-looking statements contained herein to
reflect any change in its expectations with regard thereto or
changes in events, conditions, or circumstances on which any such
statement is based.
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Ladder Capital Corp Investor Relations917-369-3207investor.relations@laddercapital.com
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