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Arbor Realty repurchases $46 million 5.625% senior notes due 2023
By Wendy Van Sickle
Columbus, Ohio, Oct. 11 – Arbor Realty Trust, Inc. repurchased $46 million principal amount of its outstanding 5.625% senior notes due 2023 in privately negotiated transactions, according to a press release.
The repurchases were funded by proceeds of a $150 million private-placement sale of 8.5% senior notes due 2027 by Arbor Realty SR, Inc.
Arbor Realty is a Uniondale, N.Y.-based real estate investment trust and national direct lender.
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