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Arbor Realty Trust prices note offering

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.