Blackstone Mortgage Trust (BXMT) Announces 10M Share Public Offering
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Blackstone Mortgage Trust Announces Public Offering of Class A Common Stock
November 18, 2021 4:28 PM ESTNEW YORK--(BUSINESS WIRE)-- Blackstone Mortgage Trust, Inc. (NYSE: BXMT) (the Company) today announced it has commenced an underwritten public offering of 10,000,000 shares of its class A common stock. The underwriters will be granted a 30-day option by the Company to purchase up to an additional 1,500,000 shares.
The Company intends to use the net proceeds from the offering for working capital and other general corporate purposes, including supporting the origination of additional commercial mortgage loans and other target assets and investments.
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