Tickerlog
Thursday 17th of March 2022 11:02:24 PM

Arbor Realty Trust prices upsized $108.9M stock offering

  • Arbor Realty Trust (NYSE:ABR) is down 4.6% after hours after the firm has priced its public offering of 6.5M shares of common stock for total expected gross proceeds of ~$108.9M.
  • Offering was upsized from the previously announced offering size of 6M shares.
  • Underwriters over-allotment is an additional 975K shares of its common stock.
  • Offering is expected to close on March 22, 2022.
  • Net proceeds from the offering will be used to make investments relating to its business and for general corporate purposes.

ABR

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