Arbor Realty wraps $90 million notes; Infrastructure India ups loan

By Devika Patel

Knoxville, Tenn., March 22 – Friday saw some activity for the private placement markets, with one deal announced and another revised.

Uniondale, N.Y.-based Arbor Realty Trust Inc., a real estate investment trust and national direct lender, completed a $90 million private placement of 5.75% senior notes due 2024.

Meanwhile, Isle of Man-based investment company Infrastructure India plc increased its unsecured bridging loan facility with Cedar Valley Financial by $7.5 million to $64.1 million from $56.6 million. Once the company draws down the additional $7.5 million, the facility will be fully drawn.

Arbor Realty taps market

Arbor Realty issued $90 million of 5.75% senior notes due April 1, 2024 in a private placement. Sandler O’Neill + Partners, LP was the agent.

Proceeds will be used to make investments in the business and for general corporate purposes.

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