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NorthStar Realty Finance Announces Pricing Of Public Offering Of Common Stock

NEW YORK, May 13, 2014 /PRNewswire/ -- NorthStar Realty Finance Corp. (NYSE: NRF) (the "Company") announced today that it has priced an underwritten public offering of 30 million shares of common stock at a public offering price of $15.45 per share.  The Company has granted the underwriters a 30-day option to purchase up to 4.5 million additional shares of common stock.

The offering is expected to close on May 16, 2014.

Deutsche Bank Securities, UBS Investment Bank, Citigroup, Morgan Stanley, BofA Merrill Lynch, Barclays, Credit Suisse and J.P. Morgan are acting as the joint book-running managers of the offering. FBR, JMP Securities, Keefe, Bruyette & Woods, a Stifel Company, and MLV & Co. are acting as co-managers of the offering.

The Company intends to use the net proceeds of the offering for general corporate purposes, including the repurchase or repayment of its liabilities, as well as potentially in connection with the following recently announced transactions, all of which are currently under contract:

  • the acquisition through a joint venture of a $1.0 billion hotel portfolio;
  • the acquisition of a €50 million minority interest in Aerium Group, an established European real estate investment manager specializing in commercial real estate properties; and
  • a $167 million preferred and common equity investment in a 6.3 million square foot industrial portfolio.

A registration statement relating to the offered securities has been declared effective by the Securities and Exchange Commission ("SEC"). The offering is being made only by means of a prospectus supplement and accompanying base prospectus. Copies of the prospectus supplement and the related prospectus for the proposed offering, when available, may be obtained by contacting: Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall Street, New York, NY 10005-2836, by calling (800) 503-4611, or by emailing prospectus.cpdg@db.com; or UBS Securities LLC, Attention: Prospectus Department, 299 Park Avenue, New York, NY 10171 or by calling (888) 827-7275.  

This press release shall not constitute an offer to sell or a solicitation of an offer to buy the shares, nor shall it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.

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