Blackstone Mortgage Trust (BXMT) Prices 10M Share Stock Offering
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Blackstone Mortgage Trust (BXMT) Announces 10M Share Public Offering
November 18, 2021 4:28 PM ESTBlackstone Mortgage Trust, Inc. (NYSE: BXMT) 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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