KKR Real Estate Finance Trust Completes $151.1 Million Offering of Preferred Stock
01.14.22
This is only gets display when printing
The Firm represented KKR Real Estate Finance Trust Inc. (NYSE: KREF) (“KREF”) in connection with the registered offering of 6,210,000 shares of KREF’s 6.5% Series A Cumulative Redeemable Preferred Stock, resulting in net proceeds to KREF of $151.1 million. KREF, a real estate finance company that focuses primarily on originating and acquiring senior loans secured by commercial real estate assets, intends to use the net proceeds from the offering to acquire its target assets in a manner consistent with its investment strategies and guidelines.
The Simpson Thacher team included Joe Kaufman and Evan Kenyon (Capital Markets); Charlie Mathes (Public Company Advisory Practice); and Marcy Geller, Sophie Staples and Brian Mendick (Tax).