Company: ABR-PF
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001253986-25-000022
Chunk: 92

Company: ARBOR REALTY TRUST INC
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 1
Chunk 92
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 Mar. 2020 Mar. 2027275,000 274,289 4.50 %275,000 273,927 4.50 %$1,745,000 $1,728,238 6.35 %$1,245,000 $1,236,147 5.73 %________________________(1)At September 30, 2025 and December 31, 2024, the carrying value is net of deferred financing fees of $16.8 million and $8.9 million, respectively.(2)At September 30, 2025 and December 31, 2024, the aggregate weighted average note rate, including certain fees and costs, was 6.71% and 6.02%, respectively.(3)These notes can be redeemed by us prior to three months before the maturity date, at a redemption price equal to 100% of the aggregate principal amount, plus a “make-whole” premium and accrued and unpaid interest. We have the right to redeem the notes within three months prior to the maturity date at a redemption price equal to 100% of the aggregate principal amount, plus accrued and unpaid interest.In July 2025, we issued $500.0 million aggregate principal amount of 7.875% senior unsecured notes due July 2030 in a private offering. We used a portion of the net proceeds from this offering to repay our remaining outstanding $287.5 million 7.50% convertible notes due August 2025 and to add approximately $200.0 million of liquidity.

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Table of ContentsARBOR REALTY TRUST, INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

Convertible Senior Unsecured NotesIn August 2025, our 7.50% convertible senior unsecured notes with a UPB totaling $287.5 million matured and were fully settled with a portion of the net proceeds received from our 7.875% senior unsecured notes issued in July 2025.The UPB and net carrying value of our convertible notes at December 31, 2024 were as follows (in thousands):UPBUnamortized Deferred Financing FeesNet Carrying Value $287,500$1,647$285,853During the three months ended September 30, 2025, we incurred interest expense on the notes totaling $2.0 million, of which $