Arbor Realty Trust Inc. priced a private placement of $100 million aggregate principal amount of 4.75% notes due 2024.
The sale of the notes is expected to close on or about Oct. 15.
The company intends to use the net proceeds for investments relating to its business and for general corporate purposes.
The notes will not be registered under the Securities Act of 1933 and may not be offered or sold in the U.S., except in transactions not subjected to the registration requirements of the Securities Act and state securities laws.
