NEW YORK, June 9, 2020 /PRNewswire/ -- Blackstone
Mortgage Trust, Inc. (NYSE:BXMT) today announced the pricing of an
underwritten public offering of 10,000,000 shares of its class A
common stock. The underwriters have been granted a 30-day
option by the Company to purchase up to an additional 1,500,000
shares. The offering is expected to close on June 11, 2020 and is subject to customary closing
conditions. Total estimated gross proceeds of the offering are
approximately $282.0 million or
approximately $324.3 million if the
underwriters exercise their option to purchase additional shares in
full.
The Company intends to use the net proceeds from the offering
for working capital and other general corporate purposes, including
further increasing its liquidity and supporting the origination of
additional commercial mortgage loans and other target assets and
investments.
Citigroup, BofA Securities, Barclays, Morgan Stanley and Wells
Fargo Securities are acting as joint book-running managers for the
offering.
The offering was made pursuant to the Company's currently
effective shelf registration statement filed with the Securities
and Exchange Commission (the "SEC").
The offering of these securities may be made only by means of a
prospectus and a related prospectus supplement, copies of which may
be obtained by contacting: Citigroup Global Markets Inc., c/o
Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717, telephone:
800-831-9146; BofA Securities, NC1-004-03-43, 200 North College
Street, 3rd floor, Charlotte, NC
28255-0001, Attention: Prospectus Department or by email at
dg.prospectus_requests@bofa.com; Barclays Capital Inc., c/o
Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717, telephone:
888-603-5847, email: Barclaysprospectus@broadridge.com; Morgan
Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick
Street, 2nd Floor, New York, NY
10014; or Wells Fargo Securities, Attention: Equity Syndicate
Department, 500 West 33rd Street, New
York, New York, 10001, at (800) 326-5897 or email a request
to cmclientsupport@wellsfargo.com.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About Blackstone Mortgage Trust
Blackstone Mortgage Trust (NYSE: BXMT) is a real estate finance
company that originates senior loans collateralized by commercial
real estate in North America,
Europe, and Australia. Our investment objective is to
preserve and protect shareholder capital while producing attractive
risk-adjusted returns primarily through dividends generated from
current income from our loan portfolio. Our portfolio is composed
of loans secured by high-quality, institutional assets in major
markets, sponsored by experienced, well-capitalized real estate
investment owners and operators. These senior loans are capitalized
by accessing a variety of financing options, depending on our view
of the most prudent strategy available for each of our investments.
We are externally managed by BXMT Advisors L.L.C., a subsidiary of
Blackstone.
About Blackstone
Blackstone (NYSE:BX) is one of the world's leading investment
firms. Blackstone seeks to create positive economic impact and
long-term value for its investors, the companies it invests in, and
the communities in which it works. Blackstone does this by using
extraordinary people and flexible capital to help companies solve
problems. Blackstone's asset management businesses, with
$538 billion in assets under
management, include investment vehicles focused on private equity,
real estate, public debt and equity, non-investment grade credit,
real assets and secondary funds, all on a global basis.
Forward-Looking Statements and Other Matters
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. You can identify these forward-looking statements by the
use of words such as "outlook," "objective," "indicator,"
"believes," "expects," "potential," "continues," "may," "will,"
"should," "seeks," "predicts," "intends," "plans," "estimates,"
"anticipates" or the negative version of these words or other
comparable words. Such forward-looking statements are subject to
various risks and uncertainties. Accordingly, there are or will be
important factors that could cause actual outcomes or results to
differ materially from those indicated in these statements. The
Company believes these factors include but are not limited to those
described under the section entitled "Risk Factors" in its Annual
Report on Form 10-K for the fiscal year ended December 31, 2019 and its Quarterly Report on
Form 10-Q for the fiscal quarter ended March
31, 2020, as such factors may be further updated from time
to time in its periodic filings with the SEC which are accessible
on the SEC's website at www.sec.gov. These factors should not be
construed as exhaustive and should be read in conjunction with the
other cautionary statements that are included in this release and
in the filings. The Company assumes no obligation to update or
supplement forward-looking statements that become untrue because of
subsequent events or circumstances.
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SOURCE Blackstone Mortgage Trust, Inc.