secwatch.observer — SEC 8-K summary
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Issuer:     ARBOR REALTY TRUST INC (ABR)
CIK:        0001253986
Form:       8-K
Filed at:   2022-08-03T23:59:59+00:00
Accession:  0001104659-22-085343
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1253986/000110465922085343/0001104659-22-085343-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1253986/000110465922085343/tm2222282d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-085343

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