Published on 3/22/2019 in the Prospect News Private Placement Daily.
New Issue: Arbor Realty sells $90 million of 5.75% notes due 2024 via placement
By Devika Patel
Knoxville, Tenn., March 22 – Arbor Realty Trust Inc. issued $90 million of 5.75% senior unsecured notes due April 1, 2024 in a private placement, according to a press release. Sandler O’Neill + Partners, LP was the agent.
Proceeds will be used to make investments in the business and for general corporate purposes.
Arbor Realty Trust is a Uniondale, N.Y.-based real estate investment trust and national direct lender.
| Issuer: | Arbor Realty Trust Inc.
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| Issue: | Senior unsecured notes
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| Amount: | $90 million
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| Maturity: | April 1, 2024
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| Coupon: | 5.75%
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| Agent: | Sandler O’Neill + Partners, LP
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| Settlement date: | Jan. 30
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| Distribution: | Private placement
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