Ladder Capital Corp announced the pricing of a public offering of $500 million in aggregate principal amount of 5.500% Senior Notes due 2030. The sale of these Notes is expected to be completed on or about July 3, 2025, subject to customary closing conditions.
These Notes will be senior unsecured obligations of Ladder's subsidiaries, Ladder Capital Finance Holdings LLLP and Ladder Capital Finance Corporation, and will be guaranteed on a senior unsecured basis by the Company. This offering represents a strategic move to manage the company's debt maturity profile and enhance its capital structure.
The Issuers intend to use a portion of the net proceeds from this offering for general corporate purposes, which may include the redemption, repurchase, or other repayment of their outstanding 5.250% Senior Notes due 2025. J.P. Morgan, Wells Fargo Securities, BofA Securities, and Societe Generale are acting as representatives of the underwriters for the offering.
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