Arbor Realty Trust Inc. has priced its private offering of $100 million of 5.625% senior unsecured notes due May 1, 2023, at 100% of par.
The offering is expected to close March 13.
The company intends to use the net proceeds from the offering to fund the redemption of its 7.375% notes due May 15, 2021, to make investments relating to its business and for general corporate purposes.
