Arbor Realty Trust, Inc. Closes Offering of $275 Million of Senior Unsecured Notes due 2027
March 04 2020 - 4:25PM
Arbor Realty Trust, Inc. (the “Company”) (NYSE:ABR) announced
today that it has closed the private placement of $275 million
aggregate principal amount of 4.50% senior unsecured notes
due March 15, 2027 (the “Notes”).
The Company intends to use the net proceeds from the offering to
repay secured indebtedness.
Piper Sandler & Co. 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, 2019 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 GroupAlexander
Lobo646-536-7037alobo@theruthgroup.com |
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Media:Bonnie Habyan, Chief Marketing
Officer516-506-4615bhabyan@arbor.com
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