| Issuer / Guarantor | Arbor Realty Trust Inc |
|---|---|
| Size | USD 325mn |
| Type | Convertible |
| Leads | JP Morgan, BTIG |
| Maturity | 01 Jul 2029 (3 years) |
| Coupon | 6.25% (5.75 - 6.25%) |
| Premium | 12.5% (12.5%) |
| Calls | None |
| Puts | t/o @ 100% |
| Div protection | Ratio adjustment (for excess above threshold) |
| T/o protection | Make-whole table |
| CoCo | 130% to Mar 2029 (2.7 yrs) |
| Announced | 30 Jun 2026 |