The Firm recently represented Blackstone Mortgage Trust, Inc. in connection with its public offering of 25,875,000 shares of class A common stock, inclusive of the shares sold pursuant to the underwriters’ full exercise of their over-allotment option, at a public offering price of $25.50 per share, or $660 million in the aggregate. Immediately following the offering, Blackstone Mortgage Trust had approximately 28.8 million shares of class A common stock outstanding. Blackstone Mortgage Trust intends to use the proceeds from the offering to originate and purchase loans through its recently commenced senior mortgage lending program and for working capital and general corporate purposes.
Blackstone Mortgage Trust is a real estate finance company that primarily originates and purchases senior mortgage loans collateralized by properties in the United States and Europe. The company is externally managed by BXMT Advisors L.L.C., a subsidiary of The Blackstone Group L.P., and is a real estate investment trust traded on the New York Stock Exchange under the symbol “BXMT.”
The Simpson Thacher team included Andy Keller, Edgar Lewandowski, Jonathan Ozner, Jason Pearl and Allen Pan (Capital Markets); Dov Gottlieb (PCAP); Nancy Mehlman, Jason Vollbracht and Devin Heckman (Tax); and David Rubinsky, Jeanne Annarumma and Sophia Karas (Executive Compensation and Employee Benefits).