debt
confidence high
sentiment neutral
materiality 0.70
Arbor Realty proposes $200M convertible note offering due 2025 to repurchase existing 2022 notes
ARBOR REALTY TRUST INC
- Offers $200M principal of Convertible Senior Notes due 2025; underwriters may buy additional $30M.
- Proceeds to repurchase portions of outstanding 4.75% Convertible Senior Notes due 2022 and for general corporate purposes.
- No interest rate or conversion price announced; terms set via negotiation with initial purchasers.
- Offering is a private placement to qualified institutional buyers under Rule 144A.