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Arbor Realty Trust Inc.

Arbor Realty Trust Closes $100 Million Private Placement of 9.00% Senior Notes Due 2027

Strategic Insights

— 2 min read

Arbor Realty Trust, Inc. announced that its subsidiary, Arbor Realty SR, Inc., has closed a private placement of $100 million aggregate principal amount of 9.00% senior notes due October 15, 2027. The notes are fully and unconditionally guaranteed on a senior unsecured basis by the Parent. The net proceeds from the offering will be used to pay down debt and for general corporate purposes.

Piper Sandler & Co. acted as the sole placement agent for this offering, and the notes have not been registered under the Securities Act of 1933. They are being offered and sold in reliance on an exemption from registration provided by Section 4(a)(2) of the Securities Act.

Key Takeaways:

  • Arbor Realty Trust, Inc. has closed a private placement of $100 million aggregate principal amount of 9.00% senior notes due October 15, 2027.
  • The notes are fully and unconditionally guaranteed on a senior unsecured basis by the Parent, Arbor Realty Trust, Inc.
  • The net proceeds from the offering will be used to pay down debt and for general corporate purposes.
  • Piper Sandler & Co. acted as the sole placement agent for this offering.
  • The notes have not been registered under the Securities Act of 1933, and are being offered and sold in reliance on an exemption from registration provided by Section 4(a)(2) of the Securities Act.
  • Arbor Realty Trust, Inc. is a nationwide real estate investment trust and direct lender, providing loan origination and servicing for multifamily, single-family rental (SFR) portfolios, and other diverse commercial real estate assets.
  • The company manages a multibillion-dollar servicing portfolio, specializing in government-sponsored enterprise products.
  • Arbor Realty Trust, Inc. is a leading Fannie Mae DUS lender and Freddie Mac Optigo Seller/Servicer, and an approved FHA Multifamily Accelerated Processing (MAP) lender.
  • The company's product platform includes bridge, CMBS, mezzanine, and preferred equity loans.

Statistics:

  • $100 million: Aggregate principal amount of senior notes due October 15, 2027.
  • 9.00%: Fixed interest rate of the senior notes.
  • 2027: Maturity date of the senior notes.
  • Piper Sandler & Co.: Sole placement agent for the offering.
  • $10:4(a)(2): Section of the Securities Act of 1933 providing for an exemption from registration for the notes.
  • October 10, 2024: Date of the announcement.
  • New York Stock Exchange (NYSE): Listing exchange for Arbor Realty Trust, Inc. (NYSE: ABR).
  • $2.5 billion: Multibillion-dollar servicing portfolio managed by Arbor Realty Trust, Inc.
  • 2023: Year in which Arbor Realty Trust, Inc. filed its Annual Report on Form 10-K.

Sources:

  • GlobeNewswire (MIL-OSI) - Uniondale, N.Y., Oct. 10, 2024 (GLOBE NEWSWIRE)
  • NYSE: ABR - Arbor Realty Trust, Inc.
  • Securities Act of 1933
  • Fannie Mae DUS
  • Freddie Mac Optigo
  • FHA Multifamily Accelerated Processing (MAP)

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