NEW YORK, April 17, 2015 /PRNewswire/ -- Blackstone
Mortgage Trust, Inc. (NYSE: BXMT) (the "Company") today announced
the closing of its previously announced underwritten public
offering of its class A common stock. A total of 23,000,000
shares of class A common stock was sold, comprised of 20,000,000
shares initially offered and an additional 3,000,000 shares sold
pursuant to the underwriters' full exercise of their option to
purchase additional shares, in each case at a public offering price
of $30.50 per share. Aggregate
net proceeds to the Company, after estimated offering expenses,
were approximately $681.8
million.
The Company intends to use the net proceeds from the offering to
pay for a portion of the purchase price for its proposed
acquisition of a portfolio of commercial mortgage loans from GE
Capital Real Estate, and for working capital and other general
corporate purposes.
Citigroup, BofA Merrill Lynch, J.P. Morgan, Wells Fargo
Securities and Morgan Stanley acted as joint book-running managers
for the offering. Barclays, Blackstone Capital Markets, UBS
Investment Bank, Deutsche Bank Securities, Evercore ISI, FBR, JMP
Securities and Keefe, Bruyette & Woods, A Stifel Company acted
as co-managers.
The offering was made pursuant to the Company's currently
effective shelf registration statement filed with the Securities
and Exchange Commission.
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 and acquires senior loans collateralized by
properties in North America and
Europe. BXMT is a real estate
investment trust headquartered in New
York City and 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 almost
$300 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. Blackstone
also provides various financial advisory services, including
financial and strategic advisory, restructuring and reorganization
advisory and fund placement services.
Forward-Looking Statements
This release may contain 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,
which reflect Blackstone Mortgage Trust's current views with
respect to, among other things, Blackstone Mortgage Trust's
proposed loan portfolio acquisition and, operations and financial
performance. You can identify these forward-looking statements by
the use of words such as "outlook," "indicator," "believes,"
"expects," "potential," "continues," "may," "will," "should,"
"seeks," "approximately," "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. Blackstone Mortgage Trust 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, 2014
and under the section entitled "Risks Related to the Loan Portfolio
Acquisition" in its Current Report on Form 8-K filed with the
Securities and Exchange Commission on April
13, 2015, as such factors may be 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. Blackstone Mortgage Trust assumes no obligation to update
or supplement forwardlooking statements that become untrue because
of subsequent events or circumstances.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/blackstone-mortgage-trust-announces-closing-of-public-offering-of-class-a-common-stock-and-full-exercise-of-option-by-underwriters-300067973.html
SOURCE Blackstone Mortgage Trust, Inc.