Arbor Realty Trust, Inc. Announces Pricing of $100 Million Senior Unsecured Notes Offering
October 10 2019 - 7:30AM
Arbor Realty Trust, Inc. (the “Company”) (NYSE:ABR) announced today
that it has priced a private placement of $100 million aggregate
principal amount of 4.75% senior unsecured notes due 2024 (the
“Notes”). The sale of the Notes is expected to close on or
about October 15, 2019, subject to the execution of definitive
documentation and satisfaction of customary closing conditions.
The Company intends to use the net proceeds from the offering to
make investments relating to its business and for general corporate
purposes.
The Notes will not be registered under the Securities Act of
1933, as amended (the “Securities Act”), and are being offered and
sold in reliance of an exemption from registration provided by
Section 4(a)(2) of the Securities Act. The Notes may not be offered
or sold in the United States except pursuant to an exemption from,
or in a transaction not subject to, the registration requirements
of the Securities Act and applicable state securities laws.
This press release is neither an offer to sell nor a
solicitation of an offer to buy the Notes or any other securities
and shall not constitute an offer to sell or a solicitation of an
offer to buy, or a sale of, the Notes or any other securities in
any jurisdiction in which such offer, solicitation or sale is
unlawful.
Safe Harbor Statement
Certain items in this press release may constitute
forward-looking statements within the meaning of the “safe harbor”
provisions of the Private Securities Litigation Reform Act of 1995,
including, but not limited to, statements relating to the Company’s
expectations regarding the offering, including the execution of the
purchase agreement, anticipated closing date, final size and other
terms of the offering and the anticipated use of the net proceeds
from the offering. These statements are based on management’s
current expectations and beliefs and are subject to a number of
trends and uncertainties that could cause actual results to differ
materially from those described in the forward-looking statements.
The Company can give no assurance that its expectations will be
attained. Factors that could cause actual results to differ
materially from the Company’s expectations include, but are not
limited to, risks and uncertainties related to the execution of the
purchase agreement and completion of the offering on the
anticipated terms or at all, market conditions, the satisfaction of
customary closing conditions related to the offering, and other
risks detailed in the Company’s Annual Report on Form 10-K for the
year ended December 31, 2018 and its other reports filed with the
SEC. Such forward-looking statements speak only as of the date of
this press release. The Company expressly disclaims any obligation
or undertaking to release publicly any updates or revisions to any
forward-looking statements contained herein to reflect any change
in the Company’s expectations with regard thereto or change in
events, conditions, or circumstances on which any such statement is
based.
Contacts:Arbor Realty Trust, Inc.Paul Elenio, Chief Financial
Officer 516-506-4422pelenio@arbor.com |
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Investors:The Ruth GroupAlexander
Lobo646-536-7037alobo@theruthgroup.com |
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Media:Bonnie Habyan, EVP of
Marketing516-506-4615bhabyan@arbor.com |
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