Ladder Capital Corp Announces Positive Ratings Momentum from S&P, Moody’s & Fitch and Pricing of $650 Million Upsized Senior Notes Offering
NEW YORK–(BUSINESS WIRE)–Ladder Capital Corp (“Ladder,” the “Company” or “our”) (NYSE: LADR) announced that, yesterday, its subsidiaries, Ladder Capital Finance Holdings LLLP and Ladder Capital Finance Corporation, priced a private offering of $650 million in aggregate principal amount of 4.750% Senior Notes due 2029 (the “Notes”), which represents a $250 million upsize from the previously announced size of the offering and a tighter pricing than the initial range. The sale of the Notes is expected to be completed on or about June 23, 2021, subject to customary closing conditions.
Ladder also received positive ratings action from three rating agencies this week.
S&P Global (“S&P”), Moody’s Investors…