Arbor Realty SR, Inc. Prices Offering of $500 Million of 7.875% Senior Notes due 2030
Arbor Realty Trust (NYSE:ABR) announced that its subsidiary, Arbor Realty SR, Inc., has priced a $500 million offering of senior notes due 2030 with a 7.875% interest rate. The notes will be offered to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S.
The offering, expected to close on July 9, 2025, will be used to refinance Arbor's outstanding 7.50% Convertible Notes due 2025, with remaining proceeds allocated for general corporate purposes. The notes will be senior, unsecured obligations fully guaranteed by Arbor Realty Trust. J.P. Morgan, Goldman Sachs, and Morgan Stanley are serving as joint book-running managers for the offering.
Arbor Realty Trust (NYSE:ABR) ha annunciato che la sua controllata, Arbor Realty SR, Inc., ha fissato il prezzo di un'offerta di note senior da 500 milioni di dollari con scadenza 2030 e un tasso di interesse del 7,875%. Le note saranno offerte a investitori istituzionali qualificati ai sensi della Regola 144A e a soggetti non statunitensi secondo il Regolamento S.
L'offerta, che si prevede si concluda il 9 luglio 2025, sarà utilizzata per rifinanziare le note convertibili in scadenza nel 2025 con un tasso del 7,50%, mentre i proventi residui saranno destinati a scopi aziendali generali. Le note saranno obbligazioni senior non garantite, interamente garantite da Arbor Realty Trust. J.P. Morgan, Goldman Sachs e Morgan Stanley agiscono come joint book-running managers per l'offerta.
Arbor Realty Trust (NYSE:ABR) anunció que su subsidiaria, Arbor Realty SR, Inc., ha fijado el precio de una emisión de bonos senior por 500 millones de dólares con vencimiento en 2030 y una tasa de interés del 7.875%. Los bonos se ofrecerán a compradores institucionales calificados bajo la Regla 144A y a personas no estadounidenses bajo el Reglamento S.
Se espera que la emisión cierre el 9 de julio de 2025 y se utilizará para refinanciar los Bonos Convertibles pendientes de Arbor con vencimiento en 2025 y tasa del 7.50%, destinando los fondos restantes a fines corporativos generales. Los bonos serán obligaciones senior no garantizadas, totalmente respaldadas por Arbor Realty Trust. J.P. Morgan, Goldman Sachs y Morgan Stanley actúan como gestores conjuntos del libro para la emisión.
Arbor Realty Trust (NYSE:ABR)는 자회사 Arbor Realty SR, Inc.가 2030년 만기 5억 달러 규모의 선순위 채권을 7.875% 금리로 가격을 확정했다고 발표했습니다. 이 채권은 Rule 144A에 따른 적격 기관 투자자와 Regulation S에 따른 비미국인 투자자에게 제공됩니다.
이번 발행은 2025년 7월 9일에 마감될 예정이며, Arbor의 2025년 만기 7.50% 전환사채를 재융자하는 데 사용되며 잔여 자금은 일반 기업 목적에 할당됩니다. 이 채권은 Arbor Realty Trust가 전액 보증하는 무담보 선순위 채무입니다. J.P. Morgan, Goldman Sachs, Morgan Stanley가 공동 주관사로 참여합니다.
Arbor Realty Trust (NYSE:ABR) a annoncé que sa filiale, Arbor Realty SR, Inc., a fixé le prix d'une émission de billets seniors de 500 millions de dollars arrivant à échéance en 2030, avec un taux d'intérêt de 7,875%. Les billets seront proposés à des acheteurs institutionnels qualifiés selon la règle 144A et à des personnes non américaines selon le règlement S.
L'offre, qui devrait se clôturer le 9 juillet 2025, servira à refinancer les billets convertibles en cours d'Arbor arrivant à échéance en 2025 avec un taux de 7,50%, les fonds restants étant alloués à des fins générales d'entreprise. Les billets seront des obligations seniors non garanties, entièrement garanties par Arbor Realty Trust. J.P. Morgan, Goldman Sachs et Morgan Stanley agissent en tant que chefs de file conjoints pour cette émission.
Arbor Realty Trust (NYSE:ABR) gab bekannt, dass seine Tochtergesellschaft Arbor Realty SR, Inc. eine Emission von Senior Notes in Höhe von 500 Millionen US-Dollar mit Fälligkeit 2030 und einem Zinssatz von 7,875% bepreist hat. Die Notes werden qualifizierten institutionellen Käufern gemäß Rule 144A und Nicht-US-Personen gemäß Regulation S angeboten.
Das Angebot, das voraussichtlich am 9. Juli 2025 abgeschlossen wird, dient der Refinanzierung der ausstehenden 7,50% Wandelanleihen von Arbor mit Fälligkeit 2025; verbleibende Erlöse werden für allgemeine Unternehmenszwecke verwendet. Die Notes sind unbesicherte Seniorverbindlichkeiten, die vollständig von Arbor Realty Trust garantiert werden. J.P. Morgan, Goldman Sachs und Morgan Stanley fungieren als gemeinsame Bookrunner für das Angebot.
- Successful pricing of $500 million senior notes offering demonstrates strong market access
- Higher interest rate of 7.875% may attract institutional investors
- Strategic refinancing of existing 7.50% Convertible Notes due 2025
- Higher interest rate of 7.875% increases debt servicing costs compared to previous 7.50% notes
- Additional debt obligation could impact company's leverage ratios
- Unsecured nature of the notes provides less protection for investors
Insights
ABR's $500M senior notes offering at 7.875% strengthens liquidity while refinancing maturing debt, though at a higher interest rate.
Arbor Realty's subsidiary has priced a
The
The notes' placement to qualified institutional buyers under Rule 144A indicates strong institutional interest in ABR's debt, validating market confidence in the company's creditworthiness. As a nationwide real estate investment trust with a multibillion-dollar servicing portfolio specializing in government-sponsored enterprise products, ABR maintains diverse revenue streams through its bridge, CMBS, mezzanine and preferred equity loan offerings. This diversification helps support its debt service capabilities despite the higher interest obligation this new issuance creates.
UNIONDALE, N.Y., July 02, 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
The Issuer intends to use a portion of the net proceeds of the offering to refinance, redeem or otherwise repay Arbor’s remaining outstanding
J.P. Morgan Securities LLC, Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC are acting as joint book-running managers for the offering.
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 and 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
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