- Blackstone Mortgage Trust (NYSE:BXMT) is selling 17.5M shares of its class A common stock, with an underwriter greenshoe of up to another 2.625M shares.
- The proceeds will be used to help fund its purchase of a commercial loan portfolio from GE Capital Real Estate.
- Certain affiliates of Blackstone (BX) may purchase $37.5M of the stock at the offering price - which would add to the more than 5% stake already owned by Blackstone affiliates. BXMT has also reserved up to an additional $20M for sale under a directed share program to employees of Blackstone and its affiliates.
- BXMT was higher by 7.2% on Friday after announcing the transformational deal with GE.
- Source: Press Release
- Previously: Blackstone Mortgage Trust doubles size with GE purchase (April 10)
Blackstone Mortgage Trust raising capital to pay for GE deal
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Symbol | Last Price | % Chg |
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BXMT | - | - |
Blackstone Mortgage Trust, Inc. |