Apollo Commercial Real Estate Finance, Inc. Closes Two Financing Facilities
06 Marzo 2023 - 2:30PM
Apollo Commercial Real Estate Finance, Inc. (the “Company” or
“ARI”) (NYSE:ARI), today announced the Company closed two financing
facilities, including one asset backed facility and one revolving
credit facility.
The first facility is a master repurchase agreement with Banco
Santander, S.A. New York Branch. The facility provides a maximum
advance of $300.0 million for the financing of qualifying
commercial mortgage loans and has an initial term of two years,
with a one-year extension option.
The second facility is a revolving credit
facility administered by Bank of America, N.A. The facility
provides up to $170.0 million of financing secured by qualifying
commercial mortgage loans and real property owned assets and has a
term of three years.
Commenting on the facilities, Stuart Rothstein,
Chief Executive Officer and President of ARI said: “We continue to
explore ways to diversify our funding sources and enhance our
liquidity. Both facilities will enable us to efficiently finance
ARI’s commercial mortgage loan origination activity, while
providing the Company with flexibility in optimizing our balance
sheet.”
About Apollo Commercial Real Estate
Finance, Inc. Apollo Commercial Real Estate Finance, Inc.
(NYSE: ARI) is a real estate investment trust that primarily
originates, acquires, invests in and manages performing commercial
first mortgage loans, subordinate financings and other commercial
real estate-related debt investments. The Company is externally
managed and advised by ACREFI Management, LLC, a Delaware limited
liability company and an indirect subsidiary of Apollo Global
Management, Inc., a high-growth, global alternative asset manager
with approximately $548 billion of assets under management as of
December 31, 2022.
Additional information can be found on the
Company's website at www.apollocref.com. Please note that our URL
address has changed.
Forward-Looking
StatementsCertain statements contained in this press
release constitute forward-looking statements as such term is
defined in Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended,
and such statements are intended to be covered by the safe harbor
provided by the same. Forward-looking statements are subject to
substantial risks and uncertainties, many of which are difficult to
predict and are generally beyond the Company's control. These
forward-looking statements include information about possible or
assumed future results of the Company's business, financial
condition, liquidity, results of operations, plans and objectives.
When used in this release, the words believe, expect, anticipate,
estimate, plan, continue, intend, should, may or similar
expressions, are intended to identify forward-looking statements.
Statements regarding the following subjects, among others, may be
forward-looking: macro- and micro-economic impact of the COVID-19
pandemic, increasing interest rates and inflation; market trends in
the Company’s industry, interest rates, real estate values, the
debt securities markets or the general economy; the timing and
amounts of expected future fundings of unfunded commitments; the
return on equity; the yield on investments; the ability to borrow
to finance assets; the Company’s ability to deploy the proceeds of
its capital raises or acquire its target assets; and risks
associated with investing in real estate assets, including changes
in business conditions and the general economy. For a further list
and description of such risks and uncertainties, see the reports
filed by the Company with the Securities and Exchange Commission.
The forward-looking statements, and other risks, uncertainties and
factors are based on the Company's beliefs, assumptions and
expectations of its future performance, taking into account all
information currently available to the Company. Forward-looking
statements are not predictions of future events. The Company
disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by law.
CONTACT: |
Hilary
Ginsberg |
|
Investor Relations |
|
(212) 822-0767 |
Grafico Azioni Apollo Commercial Real E... (NYSE:ARI)
Storico
Da Apr 2024 a Mag 2024
Grafico Azioni Apollo Commercial Real E... (NYSE:ARI)
Storico
Da Mag 2023 a Mag 2024