NEW YORK, Nov. 27, 2013 /PRNewswire/ -- Blackstone Mortgage Trust, Inc. (NYSE: BXMT) (the "Company") today announced that, in connection with the Company's underwritten public offering of 5.25% convertible senior notes due 2018 (the "Notes"), the underwriters have exercised in full their option to purchase an additional $22.5 million in aggregate principal amount of Notes. The issuance of the additional $22.5 million principal amount of Notes closed on November 27, 2013. The full exercise of the option to purchase additional Notes brings the total aggregate principal amount of Notes sold in the offering to $172.5 million.
The Company intends to use the net proceeds from the offering to originate and purchase additional commercial mortgage loans and other target assets and investments consistent with its investment strategies and investment guidelines, and for working capital and other general corporate purposes.
Citigroup, BofA Merrill Lynch, J.P. Morgan and Wells Fargo Securities acted as joint book-running managers for the offering. Blackstone Capital Markets acted as co-manager.
The offering was made pursuant to the Company's currently effective shelf registration statement filed with the Securities and Exchange Commission.The offering of these securities was made only by means of a prospectus and a related prospectus supplement, copies of which may be obtained by contacting: Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, tel: 800-831-9146; BofA Merrill Lynch, 222 Broadway, New York, NY 10038, Attn: Prospectus Department or email email@example.com; J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, tel: 1-866-803-9204; or Wells Fargo Securities, Attention: Equity Syndicate Department, 375 Park Avenue, New York, New York, 10152, at (800) 326-5897 or email a request to firstname.lastname@example.org. This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
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