Blackstone Mortgage Trust, Inc. (NYSE: BXMT) announced the pricing of a private offering of $450 million in aggregate principal amount of its 6.250% senior secured notes due 2031.

The company plans to use the net proceeds for general corporate purposes, including paying down existing secured indebtedness. The notes offering is expected to close on May 19, 2026, subject to customary closing conditions.

The offering is being conducted as a private transaction under an exemption from Securities Act registration requirements. In the United States, the notes are being offered only to qualified institutional buyers as defined in Rule 144A, and outside the United States pursuant to Regulation S under the Securities Act.

The notes and related guarantees have not been registered under the Securities Act or other securities laws and may not be offered or sold in the United States without registration or an applicable exemption from registration requirements.

Blackstone Mortgage Trust is a real estate finance company that originates, acquires and manages senior loans and other debt investments collateralized by commercial real estate in North America, Europe, and Australia. The company is externally managed by BXMT Advisors L.L.C., a subsidiary of Blackstone.