Enjoy access to a free NMLS renewal class when you attend an in-person event.
Blackstone Mortgage Trust underwriters have been granted a 30-day option by the company to purchase up to an additional 1,500,000 shares, according to a press release. The offering is expected to close on Sept. 14, 2021 and is subject to customary closing conditions.
The total estimated gross proceeds of the offering are approximately $315 million or approximately $362 million if the underwriters exercise their option to purchase additional shares in full.
Blackstone intends to use the net proceeds from the offering for working capital and other general corporate purposes, including supporting the origination of additional commercial mortgage loans and other target assets and investments.
Morgan Stanley, Barclays, BofA Securities, Citigroup, J.P. Morgan 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.