Armada Hoffler Closes $115M Private Debt Placement with 3 Tranches

Armada Hoffler has closed a $115 million private debt placement, issuing senior unsecured notes in three tranches with maturities of 3, 5, and 7 years. The blended interest rate is 5.86%, and the weighted average maturity is 5.3 years. Proceeds will be used for general corporate purposes and to refinance existing debt.

Title: Armada Hoffler Closes $115 Million Private Debt Placement

Virginia Beach, Va., July 02, 2025 (GLOBE NEWSWIRE) — Armada Hoffler (NYSE: AHH) (“Armada Hoffler” or the “Company”) has announced the closing of its inaugural private placement of $115 million in senior unsecured notes. The notes were issued in three tranches with maturities of 3, 5, and 7 years, bearing a blended interest rate of 5.86% and a weighted average maturity of 5.3 years [1].

Proceeds from the offering will be used for general corporate purposes and to refinance existing debt. Matthew Barnes-Smith, Chief Financial Officer of Armada Hoffler, commented, “This offering provides long-term capital at a fixed rate and enhances our balance sheet flexibility. We view this as a constructive step in our ongoing efforts to diversify capital sources and support our long-term strategy” [1].

In January 2025, Morningstar DBRS reaffirmed Armada Hoffler’s BBB credit rating and revised its outlook to stable, citing the Company’s improved leverage profile and diversified real estate portfolio [1]. The offer and sale of the notes and the related guarantees have not been, and will not be, registered under the Securities Act of 1933, as amended (the “Securities Act”), or the securities laws of any state or other jurisdiction, and the notes may not be offered or sold in the United States or any other jurisdiction absent registration or an exemption from the registration requirements of the Securities Act and the applicable securities laws of any state or other jurisdiction. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities [1].

Armada Hoffler is a vertically integrated, self-managed real estate investment trust (“REIT”) with over four decades of experience developing, building, acquiring, and managing high-quality office, retail, and multifamily properties located primarily in the Mid-Atlantic and Southeastern United States. The company also provides general construction and development services to third-party clients, in addition to developing and building properties to be placed in its stabilized portfolio. Founded in 1979 by Daniel A. Hoffler, Armada Hoffler has elected to be taxed as a REIT for U.S. federal income tax purposes [1].

References

[1] https://www.stocktitan.net/news/AHH/armada-hoffler-announces-closing-of-inaugural-private-debt-7tjorm9j6wak.html
[2] https://www.marketscreener.com/quote/stock/CARNIVAL-CORPORATION-12003/news/Carnival-Corporation-plc-Announces-Closing-of-3-Billion-Senior-Unsecured-Notes-Offering-50528513/
[3] https://www.marketscreener.com/news/armada-hoffler-announces-closing-of-inaugural-private-debt-placement-ce7c5cdddc8bf522
[4] https://www.globenewswire.com/news-release/2025/07/22/3119862/0/en/Armada-Hoffler-Announces-Closing-of-Inaugural-Private-Debt-Placement.html