debt
confidence high
sentiment positive
materiality 0.70
Arbor Realty Trust closes $1.05B CLO securitization; issues $873M investment-grade notes
ARBOR REALTY TRUST INC
- $1.05B CLO securitization closed; $872.8M investment-grade notes issued at 2.36% over Term SOFR.
- Arbor retains $177.2M subordinate notes; proceeds used to repay credit facilities and fund new loans.
- Two-year replenishment period allows reinvestment of principal proceeds in qualifying replacement assets.
- $73M capacity for additional loan acquisitions within 180 days from closing.
- Notes rated by Moody's and DBRS; expected weighted average life 2.60-4.81 years.