KKR Real Estate Finance Trust Inc. Announces Pricing of Public Offering of Common Stock
27 Octubre 2021 - 9:43PM
Business Wire
KKR Real Estate Finance Trust Inc. (“KREF”) (NYSE: KREF) today
announced the pricing of an underwritten public offering of
5,000,000 shares of its common stock. The underwriters have been
granted a 30-day option by KREF to purchase an additional 750,000
shares. Total estimated gross proceeds of the offering are
approximately $110.0 million or $126.5 million if the underwriters
exercise their option to purchase additional shares in full. The
offering is expected to close on November 1, 2021 and is subject to
customary closing conditions.
KREF intends to use the net proceeds from the offering to
acquire its assets in a manner consistent with its investment
strategies and investment guidelines and for general corporate
purposes.
Morgan Stanley, Wells Fargo Securities, Goldman Sachs & Co.
LLC, Raymond James, Barclays, Citigroup, J.P. Morgan and Keefe,
Bruyette & Woods, a Stifel Company are acting as joint
book-running managers for the offering. BTIG and JMP Securities are
acting as co-managers for the offering.
Registration statements on Form S-3 relating to these securities
have been filed with the Securities and Exchange Commission (“SEC”)
and have been declared effective. The offering will be made only by
means of a prospectus supplement and the accompanying prospectus.
Copies of the prospectus supplement and the accompanying prospectus
may be obtained from Morgan Stanley & Co. LLC, Attn: Prospectus
Department, 180 Varick Street, 2nd Floor, New York, NY 10014 and
Wells Fargo Securities, Attn: Equity Syndicate Department, 30
Hudson Yards, 500 West 33rd Street – 14th Floor, New York, NY
10001; or by visiting the SEC’s website at www.sec.gov under KKR
Real Estate Finance Trust Inc.’s name.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy these securities, nor shall there
be any sale of these securities in any state or jurisdiction 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.
About KREF
KKR Real Estate Finance Trust Inc. (NYSE:KREF) is a real estate
finance company that focuses primarily on originating and acquiring
senior loans secured by commercial real estate properties. KREF is
externally managed and advised by an affiliate of KKR & Co.
Inc.
Forward-Looking Statements
This press release contains certain “forward-looking statements”
within the meaning of the Private Securities Litigation Reform Act
of 1995. Forward-looking statements generally can be identified by
the use of forward-looking terminology such as “assumptions,”
“target,” “guidance,” “outlook,” “plans,” “projection,” “may,”
“will,” “would,” “should,” “seeks,” “expect,” “intend,” “estimate,”
“anticipate,” “believe,” “potential” or “continue” (or the negative
or other derivatives of each of these terms) or similar expressions
that concern KREF’s operations, strategy, projections or
intentions. These “forward-looking” statements include statements
relating to, among other things, the proposed issuance and sale of
common stock and the expected use of the net proceeds from the
offering. Forward-looking statements are subject to a number of
risks and uncertainties, many of which involve factors or
circumstances that are beyond KREF’s control. These and other
important risk factors are discussed under the heading “Risk
Factors” in KREF’s Annual Report on Form 10-K for the fiscal year
ended December 31, 2020, filed with the SEC, as such factors may be
updated from time to time in KREF’s other periodic filings with the
SEC. Accordingly, actual outcomes or results may differ materially
from those indicated in this release. All forward-looking
statements in this release speak only as of the date of this
release. KREF undertakes no obligation to publicly update or revise
any forward-looking statements, whether as a result of new
information, future developments or otherwise, except as required
by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20211027006235/en/
MEDIA: Cara Major or Miles Radcliffe-Trenner (212)
750-8300 media@kkr.com
INVESTOR RELATIONS: Jack Switala (212) 763-9048
jack.switala@kkr.com
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