Arbor Realty Trust Raises $400 Million Through 8.50% Senior Notes Offering
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Arbor Realty Trust Inc. has raised $400 million through an 8.50% Senior Notes offering due 2028. The proceeds will be used to refinance, redeem, or repay existing 7.75% and 5.00% Senior Notes due 2026, with remaining funds for general corporate purposes. The notes were sold to qualified institutional buyers and certain non-U.S. persons, governed by an indenture with covenants limiting additional indebtedness and asset transfers.
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