By Devika Patel
Knoxville, Tenn., March 4 – Arbor Realty Trust Inc. settled a private placement of $275 million of 4.5% senior unsecured notes due 2027 on Wednesday, according to an 8-K filed with the Securities and Exchange Commission. The deal priced on Feb. 19.
Proceeds will be used to repay secured debt.
Arbor Realty Trust is a Uniondale, N.Y.-based real estate investment trust and national direct lender.
| Issuer: | Arbor Realty Trust Inc.
|
| Issue: | Senior unsecured notes
|
| Amount: | $275 million
|
| Maturity: | 2027
|
| Coupon: | 4.5%
|
| Pricing date: | Feb. 19
|
| Settlement date: | March 4
|
| Distribution: | Private placement
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
