Blackstone Mortgage Trust (BXMT) Announces 10M Share Public Offering
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Blackstone Mortgage Trust (BXMT) Prices 10M Share Stock Offering
November 19, 2021 8:02 AM ESTBlackstone Mortgage Trust, Inc. (NYSE: BXMT) today announced the pricing of an underwritten public offering of 10,000,000 shares of its class A common stock. The underwriters have been granted a 30-day option by the Company to purchase up to an additional 1,500,000 shares. The offering is expected to close on November 23, 2021 and is subject to customary closing conditions. Total estimated gross proceeds of the offering are approximately $318 million or approximately $365 million if the underwriters exercise their option to purchase additional shares in full.
The Company intends to use the net proceeds from the offering... More
