secwatch.observer — SEC 8-K summary
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Issuer:     ARBOR REALTY TRUST INC (ABR)
CIK:        0001253986
Form:       8-K
Filed at:   2022-08-05T23:59:59+00:00
Accession:  0001104659-22-086680
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Arbor Realty Trust issues $287.5M 7.50% convertible notes due 2025; repurchases 2022 notes
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- $287.5M aggregate principal (incl. $37.5M option) at 7.50% interest, semiannual, due August 1, 2025.
- Conversion rate 59.8480 shares/$1,000 principal (~$16.71/share), ~10% premium to Aug 2 close.
- Net proceeds ~$279.3M; used to repurchase outstanding $264M 4.75% convertible notes due 2022.
- Holders may require repurchase at 100% principal plus accrued interest upon a fundamental change.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1253986/000110465922086680/0001104659-22-086680-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1253986/000110465922086680/tm2222674d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-086680

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer