On June 30, 2026, Arbor Realty Trust priced a private placement of $325 million in Convertible Senior Notes due 2029, which could increase to $375 million if initial purchasers exercise their option. The company will use proceeds to repurchase 2.1 million shares of common stock for approximately $11.6 million, execute a prepaid forward stock purchase transaction to repurchase approximately $102.7 million of common stock, and redeem $270 million of 4.50% Senior Notes due September 1, 2026. Remaining funds will be used for general corporate purposes. The company is a real estate investment trust (REIT) that provides financing for residential and commercial real estate.