Arbor Realty Trust, Inc. Announces Issuance of $175 Million of Senior Unsecured Notes due 2026
May 04 2021 - 8:30AM
Arbor Realty Trust, Inc. (the “Company”) (NYSE:ABR) announced
today that it has issued $175 million aggregate principal amount of
5.00% senior unsecured notes due April 30, 2026 in a private
placement (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.
Piper Sandler & Co. acted as placement agent
for this offering.
The Notes have not been registered under the
Securities Act of 1933, as amended (the “Securities Act”), and are
being offered and sold in reliance on an exemption from
registration provided by Section 4(a)(2) of the
Securities Act. Unless so registered, 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, 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.
Contact: Arbor Realty Trust, Inc. Paul Elenio, Chief Financial
Officer 516-506-4422 pelenio@arbor.com |
Investors: The Ruth Group Daniel Kontoh-Boateng/James Salierno
646-536-7019/7028 dboateng@theruthgroup.com
jsalierno@theruthgroup.com |
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