ARBOR REALTY TRUST INC (ABR) Form 8-K — Jul 6, 2026
Arbor Realty Trust completed the issuance of $375 million aggregate principal amount of its 6.25% Convertible Senior Notes due 2029. The offering includes an option for initial purchasers to buy an additional $50 million, which was exercised in full, bringing the total gross proceeds to $375 million. The Notes are senior unsecured obligations with a maturity date of July 1, 2029, and bear interest at a rate of 6.25% per year, payable semiannually. They are convertible into common stock at an initial conversion rate of 164.0016 shares per $1,000 principal amount, equivalent to a conversion price of approximately $6.10 per share.
Key figures
- Debt Amount
- 375000000
- Interest Rate
- 6.25%
- Maturity Date
- July 1, 2029
- Gross Proceeds
- $375 million
- Conversion Price
- $6.10
- Redemption Amount
- $270 million
- Redemption Coupon
- 4.50%
- Repurchase Amount
- $11.6 million
- Prepaid Forward Amount
- $102.7 million
- Shares Underlying Forward
- 18,941,200
Price after filing
Close on the filing date to close N calendar days later (from $4.98). Historical, not a forecast.
AI analysis
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