trending Market Intelligence /marketintelligence/en/news-insights/trending/ulHAtSYBxOlTLGSgttNtNQ2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Arbor Realty Trust upsizes, prices common stock offering

Street Talk Episode 61 - Investors debate if U.S. banks have enough capital in post COVID world

You Down With PPP? Consider The Risks

Street Talk Episode 60 - You Down With PPP? Consider The Risks

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive


Arbor Realty Trust upsizes, prices common stock offering

Arbor Realty Trust Inc. priced a public offering of 6.5 million common shares for total expected gross proceeds of about $91.9 million before underwriting discounts and commissions and expenses.

The offering, which was upsized from the previously announced 6 million shares, is expected to close Dec. 12.

The company granted the underwriters a 30-day option to purchase up to an additional 975,000 common shares.

Arbor Realty Trust intends to use the net proceeds from the offering to make investments relating to its business and for general corporate purposes.

The company also plans to use a portion of the net proceeds to buy an aggregate of 650,000 shares, or 747,500 shares if the underwriters exercise in full their overallotment option, of its common stock from CEO Ivan Kaufman, Arbor Commercial Mortgage LLC and/or an estate planning family vehicle established by the company's CEO. These shares will be bought at the same price the underwriters will purchase the shares in the offering.

J.P. Morgan Securities LLC, JMP Securities LLC and Raymond James & Associates Inc. are joint book-running managers for the offering.