KKR Real Estate Finance Trust (KREF) Announces 5M Share Public Offering of Common Stock

October 27, 2021 4:22 PM EDT

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KKR Real Estate Finance Trust Inc. (“KREF”) (NYSE: KREF) today announced that it has agreed to issue and sell in an underwritten public offering 5,000,000 shares of its common stock. The underwriters have been granted a 30-day option to purchase an additional 750,000 shares. KREF intends to use the net proceeds from the offering to acquire its target assets in a manner consistent with its investment strategies and investment guidelines and for general corporate purposes.

Morgan Stanley, Wells Fargo Securities, Goldman Sachs & Co. LLC, Raymond James, Barclays, Citigroup, J.P. Morgan and Keefe, Bruyette & Woods, a Stifel Company are acting as joint book-running managers for the offering.

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