Arbor Realty Trust, Inc. Announces Pricing of Its Upsized Offering of $325 Million of 6.25% Convertible Senior Notes due 2029

Arbor Realty Trust priced an upsized offering of $325 million in 6.25% convertible senior notes due 2029, with an option for an additional $50 million. The notes have an initial conversion price of approximately $6.10 per share (12.5% premium to the June 30 closing price of $5.42). Proceeds will be used to repurchase shares, redeem $270 million of existing 4.50% senior notes due September 2026, and for general corporate purposes.