By Wendy Van Sickle
Columbus, Ohio, April 21 – Arbor Realty Trust Inc. priced a private placement of $40 million of 8% senior notes due 2023 on Tuesday, according to a news release.
Proceeds will be used to repay secured debt, make investments relating to its business and for general corporate purposes.
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 notes
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Amount: | $40 million
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Maturity: | 2023
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Coupon: | 8%
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Pricing date: | April 21
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Settlement date: | April 24
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Distribution: | Private placement
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