By Devika Patel
Knoxville, Tenn., March 4 – Arbor Realty Trust Inc. settled a private placement of $275 million of 4.5% senior unsecured notes due 2027 on Wednesday, according to an 8-K filed with the Securities and Exchange Commission. The deal priced on Feb. 19.
Proceeds will be used to repay secured debt.
Arbor Realty Trust is a Uniondale, N.Y.-based real estate investment trust and national direct lender.
Issuer: | Arbor Realty Trust Inc.
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Issue: | Senior unsecured notes
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Amount: | $275 million
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Maturity: | 2027
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Coupon: | 4.5%
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Pricing date: | Feb. 19
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Settlement date: | March 4
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Distribution: | Private placement
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