KKR Real Estate Finance Trust and Selling Stockholders Complete Follow-On Offering of Common Stock
11.26.18
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Simpson Thacher represented KKR Real Estate Finance Trust Inc. (“KREF”) and Tactical Value SPN-KREF Holdings L.P. in connection with a follow-on offering of 4,500,000 shares of its common stock, consisting of 500,000 shares issued and sold by KREF and 4,000,000 shares sold by certain selling stockholders. 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 will not receive any of the proceeds from the shares sold by the selling stockholders.
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 Will Hong (Capital Markets); David Blass, Ben Wells and Kate O’Neil (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.