Arbor AG真人官方ty SR, Inc. Prices Offering of $500 Million of 7.875% Senior Notes due 2030
Arbor AG真人官方ty Trust (NYSE:ABR) announced that its subsidiary, Arbor AG真人官方ty SR, Inc., has priced a $500 million offering of senior notes due 2030 with a 7.875% interest rate. The notes will be offered to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S.
The offering, expected to close on July 9, 2025, will be used to refinance Arbor's outstanding 7.50% Convertible Notes due 2025, with remaining proceeds allocated for general corporate purposes. The notes will be senior, unsecured obligations fully guaranteed by Arbor AG真人官方ty Trust. J.P. Morgan, Goldman Sachs, and Morgan Stanley are serving as joint book-running managers for the offering.
Arbor AG真人官方ty Trust (NYSE:ABR) ha annunciato che la sua controllata, Arbor AG真人官方ty SR, Inc., ha fissato il prezzo di un'offerta di note senior da 500 milioni di dollari con scadenza 2030 e un tasso di interesse del 7,875%. Le note saranno offerte a investitori istituzionali qualificati ai sensi della Regola 144A e a soggetti non statunitensi secondo il Regolamento S.
L'offerta, che si prevede si concluda il 9 luglio 2025, sar脿 utilizzata per rifinanziare le note convertibili in scadenza nel 2025 con un tasso del 7,50%, mentre i proventi residui saranno destinati a scopi aziendali generali. Le note saranno obbligazioni senior non garantite, interamente garantite da Arbor AG真人官方ty Trust. J.P. Morgan, Goldman Sachs e Morgan Stanley agiscono come joint book-running managers per l'offerta.
Arbor AG真人官方ty Trust (NYSE:ABR) anunci贸 que su subsidiaria, Arbor AG真人官方ty SR, Inc., ha fijado el precio de una emisi贸n de bonos senior por 500 millones de d贸lares con vencimiento en 2030 y una tasa de inter茅s del 7.875%. Los bonos se ofrecer谩n a compradores institucionales calificados bajo la Regla 144A y a personas no estadounidenses bajo el Reglamento S.
Se espera que la emisi贸n cierre el 9 de julio de 2025 y se utilizar谩 para refinanciar los Bonos Convertibles pendientes de Arbor con vencimiento en 2025 y tasa del 7.50%, destinando los fondos restantes a fines corporativos generales. Los bonos ser谩n obligaciones senior no garantizadas, totalmente respaldadas por Arbor AG真人官方ty Trust. J.P. Morgan, Goldman Sachs y Morgan Stanley act煤an como gestores conjuntos del libro para la emisi贸n.
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Arbor AG真人官方ty Trust (NYSE:ABR) a annonc茅 que sa filiale, Arbor AG真人官方ty SR, Inc., a fix茅 le prix d'une 茅mission de billets seniors de 500 millions de dollars arrivant 脿 茅ch茅ance en 2030, avec un taux d'int茅r锚t de 7,875%. Les billets seront propos茅s 脿 des acheteurs institutionnels qualifi茅s selon la r猫gle 144A et 脿 des personnes non am茅ricaines selon le r猫glement S.
L'offre, qui devrait se cl么turer le 9 juillet 2025, servira 脿 refinancer les billets convertibles en cours d'Arbor arrivant 脿 茅ch茅ance en 2025 avec un taux de 7,50%, les fonds restants 茅tant allou茅s 脿 des fins g茅n茅rales d'entreprise. Les billets seront des obligations seniors non garanties, enti猫rement garanties par Arbor AG真人官方ty Trust. J.P. Morgan, Goldman Sachs et Morgan Stanley agissent en tant que chefs de file conjoints pour cette 茅mission.
Arbor AG真人官方ty Trust (NYSE:ABR) gab bekannt, dass seine Tochtergesellschaft Arbor AG真人官方ty SR, Inc. eine Emission von Senior Notes in H枚he von 500 Millionen US-Dollar mit F盲lligkeit 2030 und einem Zinssatz von 7,875% bepreist hat. Die Notes werden qualifizierten institutionellen K盲ufern gem盲脽 Rule 144A und Nicht-US-Personen gem盲脽 Regulation S angeboten.
Das Angebot, das voraussichtlich am 9. Juli 2025 abgeschlossen wird, dient der Refinanzierung der ausstehenden 7,50% Wandelanleihen von Arbor mit F盲lligkeit 2025; verbleibende Erl枚se werden f眉r allgemeine Unternehmenszwecke verwendet. Die Notes sind unbesicherte Seniorverbindlichkeiten, die vollst盲ndig von Arbor AG真人官方ty Trust garantiert werden. J.P. Morgan, Goldman Sachs und Morgan Stanley fungieren als gemeinsame Bookrunner f眉r das Angebot.
- Successful pricing of $500 million senior notes offering demonstrates strong market access
- Higher interest rate of 7.875% may attract institutional investors
- Strategic refinancing of existing 7.50% Convertible Notes due 2025
- Higher interest rate of 7.875% increases debt servicing costs compared to previous 7.50% notes
- Additional debt obligation could impact company's leverage ratios
- Unsecured nature of the notes provides less protection for investors
Insights
ABR's $500M senior notes offering at 7.875% strengthens liquidity while refinancing maturing debt, though at a higher interest rate.
Arbor AG真人官方ty's subsidiary has priced a
The
The notes' placement to qualified institutional buyers under Rule 144A indicates strong institutional interest in ABR's debt, validating market confidence in the company's creditworthiness. As a nationwide real estate investment trust with a multibillion-dollar servicing portfolio specializing in government-sponsored enterprise products, ABR maintains diverse revenue streams through its bridge, CMBS, mezzanine and preferred equity loan offerings. This diversification helps support its debt service capabilities despite the higher interest obligation this new issuance creates.
UNIONDALE, N.Y., July 02, 2025 (GLOBE NEWSWIRE) -- Arbor AG真人官方ty Trust, Inc. (鈥淎rbor鈥�) (NYSE: ABR) today announced that its subsidiary, Arbor AG真人官方ty SR, Inc. (the 鈥淚ssuer鈥�), has priced an offering of
The Issuer intends to use a portion of the net proceeds of the offering to refinance, redeem or otherwise repay Arbor鈥檚 remaining outstanding
J.P. Morgan Securities LLC, Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC are acting as joint book-running managers for the offering.
The offer and sale of the Notes and the related guarantee have not been and will not be registered under the Securities Act or any state securities laws, and, unless so registered, the Notes and the related guarantee may not be offered or sold in the United States or to U.S. persons except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall it constitute an offer, or the solicitation of any sale, of any securities in any jurisdiction in which such offer, solicitation or sale is unlawful.
About Arbor AG真人官方ty Trust, Inc.
Arbor AG真人官方ty Trust, Inc. (NYSE: ABR) is a nationwide real estate investment trust and direct lender, providing loan origination and servicing for multifamily, single-family rental (SFR) portfolios, and other diverse commercial real estate assets. Headquartered in New York, Arbor manages a multibillion-dollar servicing portfolio, specializing in government-sponsored enterprise products. Arbor is a leading Fannie Mae DUS庐 lender and Freddie Mac Optigo庐 Seller/Servicer, and an approved FHA Multifamily Accelerated Processing (MAP) lender. Arbor鈥檚 product platform also includes bridge, CMBS, mezzanine and preferred equity loans. Rated by Standard and Poor鈥檚 and Fitch Ratings, Arbor is committed to building on its reputation for service, quality and customized solutions with an unparalleled dedication to providing our clients excellence over the entire life of a loan.
Safe Harbor Statement
Certain items in this press release may constitute forward-looking statements within the meaning of the 鈥渟afe harbor鈥� provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on management鈥檚 current expectations and beliefs and are subject to a number of trends and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Arbor and the Issuer can give no assurance that their expectations will be attained. Factors that could cause actual results to differ materially from Arbor鈥檚 and the Issuer鈥檚 expectations include, but are not limited to, changes in economic conditions generally, and the real estate markets specifically, continued ability to source new investments, changes in interest rates and/or credit spreads, and other risks detailed in Arbor鈥檚 Annual Report on Form 10-K for the year ended December 31, 2024 and its other reports filed with the Securities and Exchange Commission. Such forward-looking statements speak only as of the date of this press release. Arbor and the Issuer expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Arbor鈥檚 or the Issuer鈥檚 expectations with regard thereto or change in events, conditions, or circumstances on which any such statement is based.
Contact:
Arbor AG真人官方ty Trust, Inc.
Investor Relations
516-506-4200
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FAQ
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