Financing ·
Arbor Realty Trust, Inc. completed the issuance and sale of $375 million in 6.25% Convertible Senior Notes due 2029…
ABR-PEArbor Realty Trust Inc
Arbor Realty Trust, Inc. completed the issuance and sale of $375 million in 6.25% Convertible Senior Notes due 2029, including the full exercise of an option to purchase an additional $50 million. The company is using the proceeds to repurchase 2,140,300 shares of common stock for $11.6 million, fund a $102.7 million prepaid forward stock purchase transaction, and redeem $270 million of its 4.50% Senior Notes due September 1, 2026, at par. Arbor Realty Trust, Inc. is a real estate investment trust (ti) operating in the mortgage and multifamily-focused real estate finance industry.