By Devika Patel
Knoxville, Tenn., Dec. 20 – Arbor Realty Trust, Inc. subsidiary Arbor Realty SR, Inc. completed a $180 million sale of 5% senior notes due 2028 on Dec. 17, according to an 8-K filed with the Securities and Exchange Commission and a press release.
The notes were offered via a private offering, but only to persons reasonably believed to be qualified institutional buyers under Rule 144A and institutional investors under Rule 501(a)(1), (2), (3) or (7).
Piper Sandler & Co. was the placement agent.
Proceeds will be used for investments relating to the business and for general corporate purposes.
Arbor Realty is a Uniondale, N.Y.-based real estate investment trust and national direct lender.
| Issuer: | Arbor Realty SR, Inc.
|
| Guarantor: | Arbor Realty Trust, Inc.
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| Issue: | Senior notes
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| Amount: | $180 million
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| Maturity: | Dec. 30, 2028
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| Placement agent: | Piper Sandler & Co.
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| Coupon: | 5%
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| Settlement date: | Dec. 17
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| Distribution: | Private placement
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