NEW YORK, June 5, 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 11,500,000
shares of class A common stock was sold, comprised of 10,000,000
shares initially offered and an additional 1,500,000 shares sold
pursuant to the underwriters' full exercise of their option to
purchase additional shares. Aggregate net proceeds to the
Company, after deducting estimated offering expenses, were
approximately $338.0 million.
The Company intends to use the net proceeds from the offering to
originate and purchase additional commercial mortgage loans and
other target assets and investments consistent with its investment
strategies and investment guidelines, 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.
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, Inc. (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
is 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 over $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 loan portfolio
acquisition from GE Capital 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 Quarterly Report on Form 10-Q for the fiscal
quarter ended March 31, 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.
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SOURCE Blackstone Mortgage Trust, Inc.