Simpson Thacher represented KKR Real Estate Finance Trust Inc. (“KREF”) in connection with a follow-on offering of 5,000,000 shares of its common stock. KREF received gross proceeds of approximately $100 million. KREF intends to use the proceeds from the offering to acquire its target assets in a manner consistent with its investment strategies and investment guidelines and for general corporate purposes.
KREF is a real estate finance company that focuses primarily on originating and acquiring senior loans secured by commercial real estate assets. KREF is externally managed and advised by KKR Real Estate Finance Manager LLC, a subsidiary of KKR & Co. Inc.
The Simpson Thacher team included Joe Kaufman, Matthew Levy and Davis Mahon (Capital Markets); David Blass, Ben Wells and Nicholas Ridley (Registered Asset Management); Marcy Geller, Sophie Staples and Brian Mendick (Tax); David Rubinsky and Erin Murphy (Executive Compensation and Employee Benefits); Jennifer Nadborny and Charles Mathes (Public Company Advisory Practice); and Marcela Robledo (Intellectual Property). Counsel Jennie Getsin also provided invaluable assistance.