debt
confidence high
sentiment neutral
materiality 0.50
Arbor Realty Trust subsidiary issues $95M of 7.75% Senior Notes due 2026
ARBOR REALTY TRUST INC
- Issued $95M aggregate principal amount of 7.75% Senior Notes due 2026 via private placement.
- Proceeds primarily used to redeem $70.75M of outstanding 8.00% senior unsecured notes due April 2023.
- Remaining proceeds to be used for general corporate purposes.
- Notes offered only to QIBs and institutional accredited investors; unregistered.