Arbor Realty Trust, Inc. Closes Offering of $110 Million of Senior Unsecured Notes due 2024
October 15 2019 - 4:30PM
Arbor Realty Trust, Inc. (the “Company”) (NYSE: ABR) announced
today that it has closed the private placement of $110 million
aggregate principal amount of 4.75% senior unsecured notes
due October 15, 2024 (the “Notes”).
The Company intends to use the net proceeds from the offering to
make investments relating to its business and for general corporate
purposes.
Sandler O’Neill + Partners, L.P. acted as placement agent for
this offering.
The Notes have not been and 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.
About Arbor Realty Trust, Inc.
Arbor Realty Trust, Inc. (NYSE:ABR) is a nationwide real estate
investment trust and direct lender, providing loan origination and
servicing for multifamily, seniors housing, healthcare and other
diverse commercial real estate assets. Headquartered in New York,
Arbor manages a multibillion-dollar servicing portfolio,
specializing in government-sponsored enterprise products. Arbor is
a Fannie Mae DUS® lender and Freddie Mac Optigo Seller/Servicer.
Arbor’s product platform also includes CMBS, bridge, mezzanine and
preferred equity lending.
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
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, the 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.comMedia:Bonnie Habyan, EVP of
Marketing516-506-4615bhabyan@arbor.com |
Investors:The Ruth GroupAlexander
Lobo646-536-7037alobo@theruthgroup.com |
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