UNIONDALE, N.Y., July 17, 2018 (GLOBE NEWSWIRE) -- Arbor Realty Trust, Inc. (the “Company”) (NYSE:ABR, Financial) today announced the pricing of $130 million in aggregate principal amount of its 5.25% Convertible Senior Notes due 2021 (the “Notes”) in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The Company also granted the initial purchasers of the Notes a 30-day option to purchase up to an additional $19.5 million aggregate principal amount of Notes on the same terms and conditions. The sale of the Notes to the initial purchasers is expected to settle on or about July 20, 2018, subject to customary closing conditions.
Arbor Realty Trust, Inc. Announces Pricing of $130 million of 5.25% Convertible Senior Notes due 2021
Jul 18, 2018
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