Arbor Realty Trust (ABR) PT Raised to $22 at JMP Securities, Following Earnings
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Arbor Realty Trust (ABR) Prices 7.5M Share Offering at 19.70/sh
November 2, 2021 5:46 AM EDTArbor Realty Trust, Inc. (NYSE: ABR) announced today that it priced its public offering of 7,500,000 shares of common stock for total expected gross proceeds of approximately $147.8 million before underwriting discounts and commissions and expenses. The offering is subject to customary closing conditions and is expected to close on November 4, 2021.
The Company has also granted the underwriters a 30-day option to purchase up to an additional 1,125,000 shares of its common stock.
The Company intends to use the net proceeds from the offering to make investments relating to its business and for general... More
Arbor Realty Trust (ABR) Announces 7.5M Share Offering
November 1, 2021 4:06 PM EDTArbor Realty Trust, Inc. (the Company) (NYSE: ABR) announced today that it plans to make a public offering of 7,500,000 shares of its common stock. In connection with the offering, the Company intends to grant the underwriters a 30-day option to purchase up to an additional 1,125,000 shares of its common stock.
The Company intends to use the net proceeds from the offering to make investments relating to its business and for general corporate purposes. The Company also intends to use a portion of the net proceeds from this offering to purchase (i) 462,500 shares of... More
