Blackstone Mortgage Reveals Closing Of Public Offering - Quick Facts

(RTTNews) - Blackstone Mortgage Trust Inc. (BXMT) Tuesday announced the closing of its underwritten public offering of its class A common stock.

The company said that about 9.8 million shares of class A common stock was sold, comprised of 8.5 million shares initially offered and an additional 1.28 million shares sold pursuant to the underwriters' full exercise of their option to purchase additional shares, in each case at a price to the underwriters of $26.25 per share.

Aggregate net proceeds to the company, after estimated offering expenses, were about $256.1 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.