By Devika Patel
Knoxville, Tenn., Oct. 15 – Arbor Realty Trust Inc. completed a $110 million private placement of 4.75% senior unsecured notes due 2024 on Oct. 15, according to a press release. The deal priced for $100 million on Oct. 10.
Sandler O’Neill + Partners, LP was the agent.
Proceeds will be used to make investments in the 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 unsecured notes
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| Amount: | $110 million
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| Maturity: | 2024
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| Coupon: | 4.75%
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| Agent: | Sandler O’Neill + Partners, LP
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| Pricing date: | Oct. 10
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| Settlement date: | Oct. 15
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| Distribution: | Private placement
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