Ladder Capital to price $300 million five-year bullet notes on Friday

By Paul A. Harris

Portland, Ore., Sept. 13 - Ladder Capital Finance Holdings LLLP and Ladder Capital Finance Corp. set an investor conference call for 11 a.m. ET on Friday for their $300 million offering of non-callable five-year senior notes (expected ratings Ba3/B+/BB), according to a market source.

The deal is also set to price on Friday.

J.P. Morgan Securities LLC, Deutsche Bank Securities Inc. and Wells Fargo Securities LLC are the joint bookrunners. Citigroup Global Markets Inc. and Bank of America Merrill Lynch are also underwriters for the Rule 144A and Regulation S with registration rights offering.

The New York-based commercial real estate finance company plans to use the proceeds to repay debt.

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