Arbor Realty Trust (ABR) Prices 6.5M Share Upsized Common Offering for Expected Gross Proceeds of Approx. $91.8M

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Go back to Arbor Realty Trust (ABR) Prices 6.5M Share Upsized Common Offering for Expected Gross Proceeds of Approx. $91.8M

Arbor Realty Trust, Inc. Announces Pricing of Upsized Public Offering of Common Stock

December 9, 2019 7:15 PM EST

UNIONDALE, N.Y., Dec. 09, 2019 (GLOBE NEWSWIRE) -- Arbor Realty Trust, Inc. (the Company) (NYSE: ABR) announced today that it priced its public offering of 6,500,000 shares of common stock for total expected gross proceeds of approximately $91.9 million before underwriting discounts and commissions and expenses. The offering was upsized from the previously announced offering size of 6,000,000 shares. The offering is subject to customary closing conditions and is expected to close on December 12, 2019.

The Company has also granted the underwriters a 30-day option to purchase up to an additional 975,000 shares of its common... More