Arbor Realty Trust prices $325M 6.25% convertible notes due 2029, funds to repurchase shares and redeem 2026 notes

Arbor Realty Trust priced $325 million of 6.25% convertible senior notes due 2029 and will use proceeds for share repurchases and to redeem $270 million of 2026 senior notes.Key Highlights:Original SEC Filing: ARBOR REALTY TRUST INC [ ABR ] - 8-K - Jul. 01, 2026This is an AI-powered summary. It may…

Arbor Realty Trust priced $325 million of 6.25% convertible senior notes due 2029 and will use proceeds for share repurchases and to redeem $270 million of 2026 senior notes.

Key Highlights:

Priced $325M private placement of 6.25% convertible senior notes due July 1, 2029; $50M option to increase offering.
Initial conversion rate 164.0016 shares per $1,000 principal (~$6.10/share), ~12.5% premium to June 30 close of $5.42.
Intends to use proceeds to repurchase ~2.1M shares (~$11.6M) concurrently and ~$102.7M via a prepaid forward transaction.
Will use part of proceeds plus cash to redeem in full $270M of 4.50% Senior Notes due Sept 1, 2026 at par plus accrued interest.

Original SEC Filing:

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