Ladder Capital plans to price $300 million five-year senior notes

By Paul A. Harris and Aleesia Forni

Columbus, Ohio, Sept. 14 - Ladder Capital Finance Holdings LLLP and Ladder Capital Finance Corp. is selling $300 million senior notes due 2017 (Ba3/B+/BB) Friday, according to a market source.

Books close at 1 p.m. ET, with pricing expected thereafter.

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 deal.

The notes are non-callable and will be used to repay debt.

The commercial real estate finance company is based in New York.

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