Apollo Commercial Real Estate Finance, Inc. Announces Public Offering of Convertible Senior Notes
Apollo Commercial Real Estate Finance, Inc (ARI)
Last apollo commercial real estate finance, inc earnings: 2/13 04:30 pm
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apolloreit.com
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Source: Business Wire
NEW YORK--(BUSINESS WIRE)-- Apollo Commercial Real Estate Finance, Inc. (the “Company” or “ARI”) (NYSE:ARI), today announced the Company has commenced a public offering of $75,000,000 aggregate principal amount of its 4.75% Convertible Senior Notes due 2022 (the “Notes”) pursuant to a reopening of its existing series of such Notes. The Company also plans to grant to the underwriters a 13-day option to purchase up to an additional $11,250,000 aggregate principal amount of the Notes at the public offering price, less the underwriting discount, plus accrued interest. The Notes will bear interest at a rate equal to 4.75% per year, payable semiannually in arrears on February 15 and August 15 of each year, beginning on February 15, 2018. However, the final interest payment date will occur on August 23, 2022, and no interest payment date will occur on August 15, 2022. The conversion rate will initially equal 50.2260
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ARI
News
- Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI) had its price target lowered by analysts at JPMorgan Chase & Co. from $11.00 to $10.50. They now have a "neutral" rating on the stock.MarketBeat
- Apollo Commercial Real Estate Finance, Inc. Announces Dates for First Quarter 2024 Earnings Release and Conference CallGlobeNewswire
- 3 REITs Likely To Cut Their Dividend In 2024 [Seeking Alpha]Seeking Alpha
- This Apollo Commercial Real Estate Finance Insider Increased Their Holding By 41% Last Year [Yahoo! Finance]Yahoo! Finance
- Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI) was upgraded by analysts at TheStreet from a "d+" rating to a "c-" rating.MarketBeat
ARI
Earnings
- 2/6/24 - Beat
ARI
Sec Filings
- 4/17/24 - Form 4
- 4/15/24 - Form 144
- 4/3/24 - Form 4
- ARI's page on the SEC website