Ladder sets Tuesday investor call for $250 million seven-year notes

By Paul A. Harris

Portland, Ore., July 29 – Ladder Capital Finance Corp. plans to participate in an investor call set to get under way at noon ET on Tuesday for its $250 million offering of seven-year senior notes (existing ratings Ba3/B+/BB), according to a market source.

Deutsche Bank Securities Inc. is the left bookrunner for the Rule 144A for life and Regulation S deal.

J.P. Morgan Securities LLC, Wells Fargo Securities LLC, BofA Merrill Lynch and Citigroup Global Markets Inc. are the joint bookrunners.

The notes become callable after three years at par plus 75% of the coupon and feature a three-year 35% equity clawback and a 101% poison put.

The New York-based commercial real estate finance company plans to use proceeds to repay debt and for general corporate purposes.

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