Arbor Realty Trust Announces Public Offering of Common Stock
November 10 2020 - 4:10PM
Arbor Realty Trust, Inc. (the “Company”) (NYSE: ABR) announced
today that it plans to make a public offering of 7,000,000 shares
of its common stock. In connection with the offering, the Company
intends to grant the underwriters a 30-day option to purchase up to
an additional 1,050,000 shares of its common stock.
The Company intends to use the net proceeds from
the offering to make investments relating to its business and for
general corporate purposes. The Company also intends to use a
portion of the net proceeds from this offering to purchase an
aggregate of 700,000 shares, or 805,000 shares if the underwriters
exercise in full their option to purchase additional shares, of the
Company’s common stock from its Chief Executive Officer, Arbor
Commercial Mortgage, LLC and/or estate planning family vehicles
established by the Company’s Chief Executive Officer, at the same
price the underwriters will purchase the shares in this
offering.
J.P. Morgan, JMP Securities and Raymond James are
joint book-running managers for the offering.
The offering will be made pursuant to an effective
automatic shelf registration statement, previously filed by the
Company with the Securities and Exchange Commission (“SEC”). The
offering of these securities will be made only by means of a
prospectus. Copies of the preliminary prospectus supplement and
accompanying prospectus related to the offering may be obtained,
when available, by contacting J.P. Morgan Securities LLC,
Attention: Prospectus Department, c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by
telephone at (866) 803-9204, or by email at
prospectus-eq_fi@jpmchase.com; JMP Securities LLC, 600 Montgomery
Street, 10th Floor, San Francisco, CA 94111, Attention: Prospectus
Department, or by calling (415) 835-8985, or by email at
syndicate@jmpsecurities.com; or Raymond James & Associates,
Inc., Attention: Syndicate, 880 Carillon Parkway St. Petersburg, FL
33716, by telephone at (800) 248-8863, or by email at
prospectus@raymondjames.com.
This press release shall not constitute an offer to
sell or the solicitation of an offer to buy any securities nor will
there be any sale of these securities in any state or other
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or other jurisdiction.
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 proposed
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 completion of the offering on the
anticipated terms or at all, market conditions, the satisfaction of
customary closing conditions related to the offering, changes in
economic conditions generally, and the real estate markets
specifically, in particular, due to the uncertainties created by
the COVID-19 pandemic, continued ability to source new investments,
changes in interest rates and/or credit spreads, and other risks
detailed in the Company’s Annual Report on Form 10-K for the year
ended December 31, 2019, in the Company’s Quarterly Report on Form
10-Q for the quarter ended September 30, 2020 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 |
Investors:The Ruth GroupDaniel Kontoh-Boateng/James
Salierno646-536-7019/7028dboateng@theruthgroup.comjsalierno@theruthgroup.com |
Media:Bonnie Habyan, Chief
Marketing Officer516-506-4615bhabyan@arbor.com |
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