NEW YORK, April 13, 2015 /PRNewswire/ -- Blackstone
Mortgage Trust, Inc. (NYSE: BXMT) (the "Company") today announced
the pricing of an underwritten public offering of 20,000,000 shares
of its class A common stock at a public offering price of
$30.50 per share. The offering
was upsized from 17,500,000 shares to 20,000,000 shares. The
underwriters have been granted a 30-day option by the Company to
purchase up to an additional 3,000,000 shares. The offering
is expected to close on April 17,
2015 and is subject to customary closing conditions. The
offering will generate gross proceeds of approximately $610.0 million, or approximately $701.5 million if the underwriters exercise their
option to purchase additional shares in full.
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 are acting 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 are acting as co-managers.
The offering was made pursuant to the Company's currently
effective shelf registration statement filed with the Securities
and Exchange Commission.
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, c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, tel: 800-831-9146; BofA
Merrill Lynch, 222 Broadway, New York,
NY 10038, Attn: Prospectus Department or email
dg.prospectus_requests@baml.com; J.P. Morgan Securities LLC,
Attention: Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717, tel:
1-866-803-9204; Wells Fargo Securities, Attention: Equity Syndicate
Department, 375 Park Avenue, New York,
New York, 10152, at (800) 326-5897 or email a request to
cmclientsupport@wellsfargo.com; or Morgan Stanley & Co. LLC,
Attention: Prospectus Department, 180 Varick Street, 2nd Floor,
New York, NY 10014.
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. The Company is externally managed by
BXMT Advisors L.L.C., a subsidiary of Blackstone, and is a real
estate investment trust traded on the NYSE under the symbol "BXMT."
Blackstone Mortgage Trust is headquartered in New York City.
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.
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SOURCE Blackstone Mortgage Trust, Inc.