Arbor Realty Trust, Inc. Announces Proposed Private Offering of Convertible Senior Notes due 2029

About this update from Arbor Realty Trust

UNIONDALE, N.Y., June 30, 2026 (GLOBE NEWSWIRE) -- Arbor Realty Trust, Inc. (“Arbor” or the “Company”) (NYSE: ABR) today announced that it intends to offer, subject to market and other conditions, $300 million aggregate principal amount of Convertible Senior Notes due 2029 (the “Notes”) in a private placement to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The Company also expects to grant the initial purchasers of the Notes a 13-day option to purchase up to an additional $45 million aggregate principal amount of the Notes on the same terms and conditions. The Notes will be senior, unsecured obligations of the Company, will accrue interest payable semi-annually in arrears and will mature on July 1, 2029, unless earlier repurchased or converted. Noteholders will have the right to convert their Notes in certain circumstances and during specified periods. Upon conversion, the Company will settle the Notes by paying cash and, if applicable, delivering shares of the Company’s common stock, at the Company’s sole election. The Notes will not be redeemable at the Company’s election before maturity. If certain corporate events that constitute a “fundamental change” occur, then, subject to a limited exception, noteholders may require the Company to repurchase their Notes for cash. The repurchase price will be equal to the principal amount of the Notes to be repurchased, plus accrued and unpaid interest, if any, to, but excluding, the applicable repurchase date. The interest rate, initial conversion rate and other terms of the Notes will be determined at the pricing of the offering. The Company intends to use (i) up to approximately $130 million of the net proceeds to repurchase shares of its common stock (x) concurrently with the pricing of this offering in privately negotiated transactions through one of the initial purchasers or its affiliate, as its agent and (y) as pursuant to the prepaid forward transaction described below; (ii) a portion of the net proceeds, together with cash on hand to redeem in full the Company’s outstanding $270 million of 4.50% Senior Notes due September 1, 2026 at par plus accrued and unpaid interest; and (iii) any remaining proceeds from the offering for general corporate purposes. In connection with the pricing of the Notes, ...

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