Arbor Realty (ABR) prices $287.5 million convertible note offering.

Arbor Realty Trust, Inc. (ABR) announced today that it has priced a $287.5 million offering of its 7.50% Convertible Senior Notes due 2025 in a Rule 144A private placement.  The notes will mature on August 1, 2025 and carry an initial conversion price of $16.71 per share of common stock.  Proceeds will be used to repurchase a portion of ABR's outstanding 4.75% convertible notes due 2022.

Arbor Realty Trust, Inc. (NYSE: ABR) is a nationwide real estate investment trust and direct lender, providing loan origination and servicing for multifamily, single-family rental (SFR) portfolios, and other diverse commercial real estate assets. Headquartered in New York, Arbor manages a multibillion-dollar servicing portfolio, specializing in government-sponsored enterprise products.