Arbor Realty Trust Announces the Pricing of $125M Convertible Senior Notes

|About: Arbor Realty Trust, Inc. (ABR)|By:, SA News Editor

Arbor Realty Trust (NYSE:ABR) priced underwritten the public offering of $125M aggregate principal amount of convertible senior notes due 2020 at 5.375% p.a., payable semi-annually..

The company has granted the underwriters a 30-day option to purchase up to $18.75M aggregate principal amount of additional Notes.

Net proceeds from the offering shall be used to make investments relating to its business and for general corporate purposes. and a portion to repay certain of its indebtedness.