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Apollo Commercial Real Estate Finance Inc Completes Public Offering Of Common Stock

Monday, 11 Mar 2013 11:05am EDT 

Apollo Commercial Real Estate Finance Inc announced that the Company closed an underwritten public offering of 8,805,000 shares of common stock, including the partial exercise of the underwriters' option to purchase additional shares, which resulted in net proceeds of approximately $148.5 million after offering expenses. The Company intends to use the net proceeds from the offering to acquire the Company's target assets, which include commercial first mortgage loans, commercial mortgage-backed securities, subordinate financings and other commercial real estate-related debt investments, and for general corporate purposes. J.P. Morgan, BofA Merrill Lynch and Citigroup were the joint book-running managers for the offering. 

Company Quote

0.02 +0.12%
26 Dec 2014