Arbor Realty Trust sells $375 million 6.25% convertible notes due 2029
Arbor Realty Trust completed a $375 million private offering of 6.25% convertible senior notes due July 1, 2029, including a $50 million option that the initial purchasers exercised in full on July 1, 2026. The company will use the proceeds to repurchase about $11.6 million and about $102.7 million of its common stock, and to redeem its $270 million 4.50% senior notes due September 1, 2026. Conversion could result in up to 69,188,175 new common shares, which may dilute existing shareholders.
Key points
- Gross proceeds of $375 million; notes pay 6.25% interest semiannually and mature July 1, 2029
- Initial conversion price of about $6.10 per share; up to 69,188,175 shares may be issued on conversion
- About $11.6 million buys back 2,140,300 shares; about $102.7 million funds a prepaid forward share repurchase
- Remaining proceeds, with cash on hand, redeem the $270 million 4.50% senior notes due September 1, 2026
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 2:07 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 06, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.