Arbor Realty SR, Inc. Closes Offering of $180 Million of Senior Unsecured Notes due 2028

Rhea-AI Summary

Arbor Realty Trust, Inc. (NYSE:ABR) announced a successful $180 million private placement of 5.00% senior unsecured notes due by December 30, 2028, through its subsidiary Arbor Realty SR, Inc. The funds will be used for business investments and general corporate purposes. The placement was arranged by Piper Sandler & Co. The notes are exempt from registration under the Securities Act of 1933, ensuring they can't be sold in the U.S. without compliance. Arbor Realty is a leader in real estate investment, focusing on multifamily and commercial assets.

Positive

• Successfully raised $180 million through the private placement of senior unsecured notes.
• The funds will be utilized for investments and corporate purposes, indicating growth potential.

Negative

• None.

UNIONDALE, N.Y., Dec. 20, 2021 (GLOBE NEWSWIRE) -- Arbor Realty Trust, Inc. (the “Company”) (NYSE:ABR) announced today that its subsidiary, Arbor Realty SR, Inc. (“ARSR”), has closed, on December 17, 2021, the private placement of $180 million aggregate principal amount of 5.00% senior unsecured notes due December 30, 2028 (the “Notes”). The Notes will be fully and unconditionally guaranteed on a senior basis by the Company.

ARSR 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 and will not be 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. 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, single-family rental (SFR) portfolios, 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 leading Fannie Mae DUS® lender, Freddie Mac Optigo® Seller/Servicer, and an approved FHA Multifamily Accelerated Processing (MAP) lender. Arbor’s product platform also includes bridge, CMBS, mezzanine, and preferred equity loans.

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. 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. Arbor can give no assurance that its expectations will be attained. Factors that could cause actual results to differ materially from Arbor’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 Arbor’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. Arbor 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 Arbor’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

 

FAQ

What is the purpose of Arbor Realty Trust's recent $180 million note placement?

The proceeds from the $180 million note placement will be used for investments related to Arbor Realty's business and for general corporate purposes.

When are Arbor Realty Trust's senior unsecured notes due?

The senior unsecured notes issued by Arbor Realty Trust are due on December 30, 2028.

Who acted as the placement agent for Arbor Realty Trust's recent offering?

Piper Sandler & Co. acted as the placement agent for Arbor Realty Trust's recent note offering.

Are Arbor Realty Trust's notes registered under the Securities Act?

No, the notes have not been registered under the Securities Act of 1933 and are being sold in reliance on exemptions.

What is Arbor Realty Trust's focus area in real estate?

Arbor Realty Trust focuses on multifamily, single-family rental portfolios, and diverse commercial real estate assets.