Blackstone Mortgage Trust Announces Closing of Senior Secured Notes Offering | New



NEW YORK – (BUSINESS WIRE) – October 5, 2021–

Blackstone Mortgage Trust, Inc. (NYSE: BXMT) (the “Company”) today announced the closing of its private offering of $ 400 million in aggregate principal amount of its 3.750% Senior Secured Notes due 2027 ( the tickets “). The Notes are fully and unconditionally guaranteed on an unsubordinated collateralized basis by each wholly owned subsidiary of the Company which is a domestic subsidiary or which guarantees or becomes a borrower under the Company’s term loan agreement and after certain events. collateral, certain borrowings on the capital markets and other debts of the Company and its subsidiaries, subject to certain customary exceptions. The total net proceeds of the offering to the Company, after deducting estimated offering costs, were approximately $ 395 million.

The offering of the Notes and the related guarantees were made in a private transaction on the basis of an exemption from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), to United States, only to persons who have reasonable grounds to believe that they are “qualified institutional buyers”, as that term is defined in Rule 144A of the Securities Act, or outside the United States in accordance with Regulation S of the Securities Act . The Notes and related collateral have not been registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States without registration or an applicable exemption from the registration requirements. .

This press release does not constitute an offer to sell or the solicitation of an offer to buy and there will be no sale of such securities in any state or jurisdiction in which such an offer, solicitation or sale would be illegal prior to ‘registration or qualification under the securities laws of such state or jurisdiction. This notice is issued in accordance with Rule 135 (c) of the Securities Act.

About Blackstone Mortgage Trust

Blackstone Mortgage Trust (NYSE: BXMT) is a real estate finance company that issues senior loans secured by commercial real estate in North America, Europe and Australia. Our investment objective is to preserve and protect shareholder capital while producing attractive risk-adjusted returns, primarily through dividends generated from current income from our loan portfolio. Our portfolio consists primarily of loans secured by high quality institutional assets in major markets, sponsored by experienced and well capitalized property owners and operators. These senior loans are capitalized by accessing a variety of financing options, based on our view of the most prudent strategy available for each of our investments. We are managed externally by BXMT Advisors LLC, a subsidiary of Blackstone.

About Blackstone

Blackstone is the world’s largest alternative asset manager. We seek to create positive economic impact and long-term value for our investors, the companies in which we invest and the communities in which we operate. To do this, we use amazing people and flexible capital to help businesses solve their problems. Our $ 684 billion in assets under management include investment vehicles focused on private equity, real estate, debt and public stocks, life sciences, growth stocks, opportunistic credit and substandard quality, real assets and secondary funds, all on a global scale. More information is available at Follow Blackstone on Twitter @Blackstone.

Forward-looking statements and other matters

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. You can identify these forward-looking statements by using words such as “prospect”, “goal”, “indicator”, “belief”, “expects”, “” “should”, “seeks”, “predicted”, ” intends ”,“ anticipates ”,“ estimates ”,“ anticipates ”or the negative version of these or other comparable words. These forward-looking statements are subject to various risks and uncertainties. Therefore, there are or will be significant factors that could cause actual results to differ materially from those shown in such statements. The Company believes that these factors include, but are not limited to, those described in the section titled “Risk Factors” in its Annual Report on Form 10-K for the year ended December 31, 2020, as these factors may be misplaced. updated from time to time. in its periodic filings with the SEC which are accessible on the SEC’s website at These factors should not be construed as exhaustive and should be read in conjunction with the other caveats included in this press release and in the filings. The Company assumes no obligation to update or supplement any forward-looking statements that become false due to subsequent events or circumstances.

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SOURCE: Blackstone Mortgage Trust, Inc.

Copyright Business Wire 2021.

PUB: 05/10/2021 4:15 PM / DISC: 05/10/2021 4:17 PM

Copyright Business Wire 2021.



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