...+ Ladder is issuing $500 million in senior unsecured bonds and expects to use the proceeds to repay $297 million of its outstanding unsecured bonds due 2017, decrease secured funding by approximately $200 million, and pay associated fees. + We are assigning a 'B+' issue rating to the new unsecured bonds. + We are also affirming the issuer credit rating on Ladder at '##-'. + The outlook remains stable. NEW YORK (S&P Global Ratings) March 2, 2017--, S&P Global Ratings said today it assigned a 'B+' rating to Ladder Capital Finance Holdings LLLP's new $500 million unsecured bonds. We also affirmed our '##-' issuer rating on Ladder. The outlook remains stable. "Our ratings on Ladder reflect its concentration in commercial real estate and its partial reliance on secured repurchase facilities that have the potential for margin calls," said S&P Global Ratings credit analyst Diogenes Mejia. The company's conservative management of its leverage and liquidity, its experienced management team, and...
