2023-03-17 16:20:54 ET
- An Arbor Realty Trust ( NYSE: ABR ) subsidiary closed on Friday a private placement of $95M principal amount of 7.75% senior note due March 30, 2026.
- The company expects to use the net proceeds from the Arbor Realty SR notes placment to redeem the parent's outstanding $70.75M aggregate principal amount of 8.00% senior notes due April 2023 and use any remaining proceeds for general corporate purposes.
- Arbor ( ABR ) stock edged up 0.1% in after-hours trading.
- SA contributor Robert & Sam Kovacs dig into Arbor Realty Trust ( ABR ) and push back against a recent short report.
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Arbor Realty subsidiary closes on $95M notes placement