Arbor Realty Trust Announces Public Offering of Common Stock
March 25 2021 - 4:11PM
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 (i) 350,000 shares of its
common stock from its Chief Executive Officer, Arbor Commercial
Mortgage, LLC and/or estate planning family vehicles established by
its Chief Executive Officer (or 402,500 shares of its common stock
if the underwriters exercise their option to purchase additional
shares in full), (ii) 150,000 shares of its common stock from its
Chief Financial Officer, (iii) 100,000 shares of its common stock
from its Executive Vice President, Treasury and Servicing and (iv)
200,000 shares of its common stock from its Executive Vice
President, Structured Securitization, 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, 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.
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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 |
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