Apollo Commercial Real Estate Finance, Inc. Enters into Separate Privately Negotiated Agreements with Certain Holders of 5.50% 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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Source: Business Wire
NEW YORK--(BUSINESS WIRE)-- Apollo Commercial Real Estate Finance, Inc. (the “Company” or “ARI”) (NYSE: ARI), today announced the Company has entered into separate, privately negotiated agreements with a limited number of holders of the Company's 5.50% Convertible Senior Notes due 2019 (the “Notes”). Pursuant to the exchange agreements, the Company will exchange approximately $206.2 million in aggregate principal amount of Notes, for an aggregate of (i) 10,020,328 newly issued shares of ARI common stock plus (ii) approximately $39.3 million in cash, together with accrued and unpaid interest on the exchanged Notes up to, but excluding, the settlement date. The Company will not receive any proceeds from the issuance of such shares of ARI common stock. The exchanges are expected to close on or about August 7, 2018, subject to customary closing conditions. Following the exchanges, approximately $48.6 million
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- 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
- 4/19/24 - Form 4
- 4/17/24 - Form 4
- 4/15/24 - Form 144
- ARI's page on the SEC website