UNIONDALE, N.Y., Nov. 07, 2017 (GLOBE NEWSWIRE) -- Arbor Realty Trust, Inc. (the “Company”) (NYSE:ABR) today
announced that it intends to offer, subject to market and other conditions, $125 million aggregate principal amount of Convertible
Senior Notes due 2020 (the “Notes”) in an underwritten public offering registered under the Securities Act of 1933, as amended. The
Company intends to grant the underwriters a 30-day option to purchase up to $18.75 million aggregate principal amount of additional
Notes on the same terms and conditions to cover over-allotments, if any.
The Notes will pay interest semiannually and are expected to mature on November 15, 2020, unless earlier converted or
repurchased. The Company will not have the right to redeem the Notes prior to maturity. The Notes will be convertible,
subject to certain conditions, into cash, shares of the Company’s common stock or a combination thereof, at the Company’s sole
election. The interest rate, initial conversion rate and other terms of the Notes will be determined at the time of pricing the
offering.
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 may also use a portion of the net proceeds from this offering to repay certain of its
indebtedness; however, the Company has no current commitments or obligations to do so.
J.P. Morgan Securities LLC, JMP Securities LLC and BofA Merrill Lynch are acting as joint book-running managers for the
offering.
The offering is being made pursuant to an effective shelf registration statement, including a prospectus and related prospectus
supplement, filed by the Company with the Securities and Exchange Commission (“SEC”). These documents may be obtained for
free by visiting the SEC’s website at http://www.sec.gov. Alternatively, a copy of the preliminary prospectus supplement and
accompanying prospectus related to the offering may be obtained, when available, by contacting J.P. Morgan Securities LLC,
Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at (866) 803-9204, or by
email at prospectus-eq_fi@jpmchase.com; JMP Securities LLC, 600 Montgomery Street, 10th Floor, San Francisco, CA 94111, Attention:
Prospectus Department, or by calling (415) 835-8985; or BofA Merrill Lynch, NC1-004-03-43, 200 North College Street, 3rd Floor,
Charlotte, NC 28255-0001, Attention: Prospectus Department, or by email at dg.prospectus_requests@baml.com.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities nor will there be
any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any such state or other jurisdiction.
About Arbor Realty Trust, Inc.
Arbor Realty Trust, Inc. (NYSE:ABR) is a real estate investment trust and national direct lender specializing in loan
origination and servicing for multifamily, seniors housing, healthcare and other diverse commercial real estate assets. Arbor is a
Fannie Mae DUS® Multifamily Lender and a Fannie Mae Small Loan lender, a Freddie Mac Program Plus® Seller/Servicer and a Freddie
Mac Small Balance Loan Lender, a Fannie Mae and Freddie Mac Seniors Housing Lender, an FHA Multifamily Accelerated Processing
(MAP)/LEAN Lender, a HUD-approved LIHTC Lender as well as a CMBS, bridge, mezzanine and preferred equity lender.
Safe Harbor Statement
Certain items in this press release may constitute forward-looking statements within the meaning of the “safe harbor” provisions
of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements relating to the proposed
offering and the anticipated use of the net proceeds from the offering. These statements are based on management’s current
expectations and beliefs and are subject to a number of trends and uncertainties that could cause actual results to differ
materially from those described in the forward-looking statements. The Company can give no assurance that its expectations will be
attained. Factors that could cause actual results to differ materially from the Company’s expectations include, but are not
limited to, risks and uncertainties related to the completion of the public offering on the anticipated terms or at all, market
conditions, the satisfaction of customary closing conditions related to the public offering, and other risks detailed in the
Company’s Annual Report on Form 10-K for the year ended December 31, 2016 and its other reports filed with the SEC. Such
forward-looking statements speak only as of the date of this press release. The Company expressly disclaims any obligation or
undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change
in the Company’s expectations with regard thereto or change in events, conditions, or circumstances on which any such statement is
based.
