Ladder Capital (LADR) Prices $500M Notes Offering

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Go back to Ladder Capital (LADR) Prices $500M Notes Offering

Ladder Announces Pricing of $500 Million Senior Notes Offering

June 20, 2024 5:30 PM EDT

NEW YORK--(BUSINESS WIRE)-- Ladder Capital Corp (Ladder, the Company, we or our) (NYSE: LADR) announced today that its subsidiaries, Ladder Capital Finance Holdings LLLP (the Issuer) and Ladder Capital Finance Corporation (the Co-Issuer and collectively with the Issuer, the Issuers), have priced a private offering of $500 million in aggregate principal amount of 7.000% Senior Notes due 2031 (the Notes). The sale of the Notes is expected to be completed on or about July 5, 2024, subject to customary closing conditions. The Notes will be the Issuers senior unsecured obligations and will be guaranteed on a senior unsecured basis by the Company and each of... More