Arbor Realty Trust (ABR) Prices 6.5M Share Offering at 16.75/sh
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Arbor Realty Trust Announces Pricing of Upsized Public Offering of Common Stock
March 17, 2022 6:52 PM EDTUNIONDALE, N.Y., March 17, 2022 (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 $108.9 million before underwriting discounts and commissions and expenses. The offering was upsized from the previously announced offering size of 6,000,000 shares. The Company has also granted the underwriters a 30-day option to purchase up to an additional 975,000 shares of its common stock. The offering is subject to customary closing conditions and is expected to close on March 22, 2022.
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