Arbor Realty Trust, Inc. Announces Pricing of Its Upsized Offering of $325 Million of 6.25% Convertible Senior Notes due 2029

Arbor Realty Trust priced an upsized $325 million offering of 6.25% convertible senior notes due 2029, increasing the size from the previously announced $300 million. The notes include a 12.5% conversion premium over the June 30 closing price and feature a 13-day option for initial purchasers to buy an additional $50 million. The company intends to use the proceeds to redeem $270 million of existing 4.50% senior notes due in September 2026 and repurchase approximately $114.3 million of common stock through direct transactions and a prepaid forward. Remaining proceeds will be used for general corporate purposes.

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