NEW YORK, May 23, 2017 /PRNewswire/ -- Blackstone
Mortgage Trust, Inc. (NYSE: BXMT) (the "Company") today announced
that, in connection with the Company's underwritten public offering
of its 4.375% convertible senior notes due 2022 (the "Notes"), the
underwriters have exercised in full their option to purchase an
additional $37.5 million aggregate
principal amount of the Notes. The issuance of the additional
Notes closed on May 23, 2017. The
full exercise of the option to purchase additional Notes brings the
total aggregate principal amount of Notes sold in the offering to
$287.5 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, including repayment of
indebtedness.
Citigroup, Morgan Stanley, BofA Merrill Lynch, Barclays and J.P.
Morgan 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 (the "SEC").
The offering of these securities was made only by means of a
prospectus and a related prospectus supplement, copies of which may
be obtained by contacting: Citigroup Global Markets Inc., c/o
Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717, telephone:
800-831-9146; Morgan Stanley & Co. LLC, Attention: Prospectus
Department, 180 Varick Street, 2nd Floor, New York, NY 10014; BofA Merrill Lynch, 200
North College Street, 3rd floor, Charlotte, NC 28255-0001, Attention:
Prospectus Department or email dg.prospectus_requests@baml.com;
Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155
Long Island Avenue, Edgewood, NY
11717, telephone: 888-603-5847, email:
Barclaysprospectus@broadridge.com; or J.P. Morgan Securities LLC,
c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717.
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
senior loans collateralized by commercial real estate in
North America and Europe. Our investment objective is to
preserve and protect shareholder capital while producing attractive
risk-adjusted returns primarily through dividends generated from
current income from our loan portfolio. We are 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 $360
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.
Forward-looking Statements and Other Matters
This
press release contains 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.
You can identify these forward-looking statements by the use of
words such as "outlook," "indicator," "believes," "expects,"
"potential," "continues," "may," "will," "should," "seeks,"
"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. The Company 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,
2016, 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. The Company assumes no obligation to update or supplement
forward‐looking statements that become untrue because of subsequent
events or circumstances.
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SOURCE Blackstone Mortgage Trust, Inc.