Ladder Prices Private Offering Of $500M Of 7.000% Senior Notes Due 2031
Portfolio Pulse from Benzinga Newsdesk
Ladder Capital Corp (LADR) has announced the pricing of a private offering of $500 million of 7.000% senior notes due 2031.
June 20, 2024 | 9:32 pm
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Ladder Capital Corp (LADR) has announced the pricing of a private offering of $500 million of 7.000% senior notes due 2031. This move is likely aimed at raising capital for future investments or debt refinancing.
The issuance of senior notes at a 7.000% interest rate indicates that Ladder Capital is securing substantial capital, which could be used for growth initiatives or refinancing existing debt. This is generally a positive sign for the company's financial health and future prospects.
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