Arbor Realty prices $250M 7.5% convertible notes due 2025; upsized from $200M

ARBOR REALTY TRUST INC

Pricing of $250M aggregate principal amount of 7.50% Convertible Senior Notes due 2025 in private placement; upsized from $200M.
Initial conversion rate of 59.8480 shares per $1,000 principal, conversion price ~$16.71/share (10% premium to $15.19 close).
Net proceeds to repurchase outstanding 4.75% Convertible Senior Notes due 2022 and for general corporate purposes.
Initial purchasers granted 13-day option to purchase up to an additional $37.5M of notes on same terms.
Settlement expected on or about August 5, 2022, subject to customary closing conditions.

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