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Provider: New Constructs, LLC
Provider: ValuEngine, Inc.
Provider: ValuEngine, Inc.

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CORRECTION - Blackstone Mortgage Trust Announces Public Offering Of Class A Common Stock

Tuesday, 14 May 2013 06:06am EDT 

CORRECTED TO READ - "Blackstone Mortgage Trust".... INSTEAD OF..."Capital Trust Inc"... IN THE HEADLINE AND BODY. Blackstone Mortgage Trust announced it has commenced an underwritten public offering of 16,000,000 shares of its class A common stock pursuant to a registration statement filed with the Securities and Exchange Commission. The Company intends to use the proceeds from the offering to originate and acquire an initial portfolio of senior mortgage loans and pari passu participations in existing senior mortgage loans, to originate and acquire additional commercial real estate loans in the United States and Europe, and for working capital and general corporate purposes. Citigroup, BofA Merrill Lynch, J.P. Morgan, Deutsche Bank Securities, Wells Fargo Securities and UBS Investment Bank are acting as joint book-running managers for the offering. Blackstone Capital Markets, Keefe, Bruyette & Woods A Stifel Company, Evercore Partners and JMP Securities are acting as co-managers. The underwriters have been granted a 30-day option by the Company to purchase up to an additional 2,400,000 shares at the public offering price, less the underwriting discounts and commissions. 

Company Quote

-0.03 -0.10%
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