Arbor Realty SR, Inc. Prices Offering of $400 Million of 8.50% Senior Notes due 2028

Rhea-AI Summary

Arbor Realty SR, Inc. (NYSE: ABR) priced a private offering of $400 million aggregate principal amount of 8.50% Senior Notes due 2028, guaranteed by Arbor. The offering is expected to close on December 16, 2025, subject to customary conditions.

A portion of net proceeds is intended to refinance, redeem or repay Arbor’s remaining outstanding 7.75% and 5.00% Senior Notes due 2026; any remaining proceeds will be used for general corporate purposes. The Notes are being offered under Rule 144A and Regulation S and will not be registered under the Securities Act.

Positive

• $400 million senior note issuance priced
• Notes are senior, unsecured and Arbor-guaranteed
• Proceeds intended to refinance 2026 maturities
• Expected closing on December 16, 2025

Negative

• Coupon of 8.50% exceeds existing 7.75% and 5.00% notes
• Offering is private; no registration under the Securities Act

Key Figures

Senior notes offering $400 million Aggregate principal amount of 8.50% Senior Notes due 2028

Coupon rate 8.50% Interest rate on new Senior Notes due 2028

Refinanced notes coupon 7.75% Existing Senior Notes due 2026 targeted for repayment

Refinanced notes coupon 5.00% Existing Senior Notes due 2026 targeted for repayment

Notes maturity 2028 Maturity year of new Senior Notes

Expected closing date December 16, 2025 Expected closing of the notes offering

Market Reality Check

$8.87 Last Close

Volume Volume 2,480,778 is below 20-day average of 3,339,822 (relative volume 0.74). normal

Technical Shares at 9.05 are trading below the 200-day MA of 11.02 and are 37.8% under the 52-week high.

Peers on Argus

ABR gained 1.46% with peers mostly positive: BXMT +1.9%, RITM +1.45%, STWD +1.48%, ARR +0.24%, while DX was slightly negative at -0.07%. Sector strength exists, but momentum scanner did not flag a broad move.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Oct 31	Earnings and dividend	Positive	-12.6%	Q3 2025 results, liquidity actions, and $0.30 per share dividend.
Oct 24	Earnings call setup	Neutral	+0.9%	Announcement of timing and access details for Q3 2025 call.
Sep 29	Preferred dividends	Positive	+1.6%	Declaration of quarterly dividends for multiple preferred series.
Aug 12	CLO securitization	Positive	+0.4%	Closure of $1.05B commercial real estate mortgage loan securitization.
Aug 01	Earnings and dividend	Neutral	+0.4%	Q2 2025 results with $0.30 dividend and securitization, mixed credit data.

Pattern Detected

Recent news has usually seen modest positive or neutral price reactions, except for a sharp selloff on the Q3 2025 earnings/dividend release despite added liquidity and debt issuance.

Recent Company History

Over the last few months, Arbor reported Q2 and Q3 2025 results, consistently declaring common and preferred dividends, and executing large securitizations and note issuances. Highlights include a $1.05B CRE CLO, multiple build-to-rent and structured securitizations, and issuance of $500M 7.875% senior notes in July 2025. The Q3 release noted higher liquidity and portfolio growth but coincided with a -12.64% move. Today’s senior notes pricing fits the ongoing balance-sheet and funding optimization theme.

Market Pulse Summary

This announcement details Arbor’s pricing of $400 million of 8.50% Senior Notes due 2028, largely to refinance 7.75% and 5.00% notes maturing in 2026 and for general corporate purposes. It continues a theme of active funding and securitization seen in recent quarters. Investors may track execution of the December 16, 2025 closing, future debt costs, and how these balance-sheet moves interact with credit performance and earnings trends.

Key Terms

rule 144a regulatory

"pursuant to Rule 144A under the Securities Act of 1933, as amended"

Rule 144A is a regulation that makes it easier for companies to sell private bonds to large investors without going through all the usual rules that apply to public sales. It matters because it helps companies raise money more quickly and privately, often attracting big investors looking for special deals.

regulation s regulatory

"in compliance with Regulation S under the Securities Act"

Regulation S is a set of rules that allows companies to sell securities (like shares or bonds) to investors outside the United States without having to follow all U.S. securities laws. It matters because it makes it easier for companies to raise money from international investors while still complying with U.S. regulations.

senior notes financial

"8.50% Senior Notes due 2028 (the “Notes”)"

Senior notes are a type of loan that a company borrows from investors, promising to pay it back with interest. They are called "senior" because in case the company faces financial trouble, these lenders are paid back before others. This makes senior notes safer for investors compared to other types of loans or bonds.

cmbs financial

"Arbor’s product platform also includes bridge, CMBS, mezzanine,"

Commercial mortgage-backed securities (CMBS) are financial products made by bundling many commercial real estate loans — such as those on office buildings, shopping centers, and apartment complexes — and selling pieces of that bundle to investors. Think of it like a fruit basket: each investor owns a share of many loans rather than one property, so returns come from the borrowers’ mortgage payments and the value of the underlying properties; investors watch CMBS for steady income but also for sensitivity to property market conditions, tenant occupancy and interest rates.

mezzanine financial

"Arbor’s product platform also includes bridge, CMBS, mezzanine, and preferred equity loans."

Mezzanine financing is a middle layer of capital that sits between a company’s regular bank loans and its shareholders’ equity, combining features of a loan and an option to buy stock. Think of it as a higher-risk, higher-return loan that may pay extra interest and include the right to convert into shares; it matters to investors because it affects a company’s risk profile, potential dilution of ownership, and the order in which creditors get paid if the company struggles.

preferred equity financial

"bridge, CMBS, mezzanine, and preferred equity loans."

Preferred equity is a type of investment that sits between common stock and debt in a company's financial structure. It typically offers investors priority in receiving dividends and getting their money back if the company runs into trouble, making it somewhat safer than regular shares. Investors value preferred equity because it provides a steady income stream while still allowing some participation in the company's success.

AI-generated analysis. Not financial advice.

UNIONDALE, N.Y., Dec. 11, 2025 (GLOBE NEWSWIRE) -- Arbor Realty Trust, Inc. (“Arbor”) (NYSE: ABR) today announced that its subsidiary, Arbor Realty SR, Inc. (the “Issuer”), has priced an offering of $400 million aggregate principal amount of 8.50% Senior Notes due 2028 (the “Notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and outside the United States to non-United States persons in compliance with Regulation S under the Securities Act. The Notes will be the senior, unsecured obligations of the Issuer and will be fully and unconditionally guaranteed on a senior, unsecured basis by Arbor. The offering is expected to close on December 16, 2025, subject to the satisfaction of customary closing conditions.

The Issuer intends to use a portion of the net proceeds of the offering to refinance, redeem or otherwise repay Arbor’s remaining outstanding 7.75% Senior Notes due 2026 and 5.00% Senior Notes due 2026, and use any remaining proceeds from the offering for general corporate purposes.

The offer and sale of the Notes and the related guarantee have not been and will not be registered under the Securities Act or any state securities laws, and, unless so registered, the Notes and the related guarantee may not be offered or sold in the United States or to U.S. persons except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall it constitute an offer, or the solicitation of any sale, of any securities in any jurisdiction in which such offer, solicitation or sale is unlawful.

About Arbor Realty Trust, Inc.

Arbor Realty Trust, Inc. (NYSE: ABR) is a nationwide real estate investment trust and direct lender, providing loan origination and servicing for multifamily, single-family rental (SFR) portfolios, and other diverse commercial real estate assets. Headquartered in New York, Arbor manages a multibillion-dollar servicing portfolio, specializing in government-sponsored enterprise products. Arbor is a leading Fannie Mae DUS® lender, Freddie Mac Optigo® Seller/Servicer, and an approved FHA Multifamily Accelerated Processing (MAP) lender. Arbor’s product platform also includes bridge, CMBS, mezzanine, and preferred equity loans. Rated by Standard and Poor’s and Fitch Ratings, Arbor is committed to building on its reputation for service, quality, and customized solutions with an unparalleled dedication to providing our clients excellence over the entire life of a loan.

Safe Harbor Statement

Certain items in this press release may constitute forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations and beliefs and are subject to a number of trends and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Arbor and the Issuer can give no assurance that their expectations will be attained. Factors that could cause actual results to differ materially from Arbor’s and the Issuer’s expectations include, but are not limited to, changes in economic conditions generally, and the real estate markets specifically, continued ability to source new investments, changes in interest rates and/or credit spreads, and other risks detailed in Arbor’s Annual Report on Form 10-K for the year ended December 31, 2024 and its other reports filed with the Securities and Exchange Commission. Such forward-looking statements speak only as of the date of this press release. Arbor and the Issuer expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Arbor’s or the Issuer’s expectations with regard thereto or change in events, conditions, or circumstances on which any such statement is based.

Contact:
Arbor Realty Trust, Inc.
Investor Relations
516-506-4200
InvestorRelations@arbor.com

FAQ

What did Arbor Realty (ABR) announce on December 11, 2025?

Arbor priced a private offering of $400 million 8.50% Senior Notes due 2028, expected to close on Dec 16, 2025.

How will ABR use proceeds from the $400 million 2028 notes?

A portion will refinance, redeem or repay Arbor’s remaining outstanding 7.75% and 5.00% senior notes due 2026; remaining proceeds for general corporate purposes.

Are the new ABR notes registered under the Securities Act?

No; the offer and related guarantee have not been and will not be registered under the Securities Act.

Who is eligible to buy the ABR 8.50% notes offered December 2025?

The offering is to persons believed to be qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S.

What is the maturity date and coupon for Arbor’s new notes (ABR)?

The notes carry an 8.50% coupon and mature in 2028.

Will Arbor’s new notes be guaranteed by the parent company?

Yes; the Notes will be fully and unconditionally guaranteed on a senior, unsecured basis by Arbor.