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Barclays Serves as Sole Book-Running Manager for Blackstone Mortgage Trust, Inc.'s Public Offering Of Convertible Senior Notes

New York - Paul Hastings LLP, a leading global law firm, announced today that the firm represented Barclays as sole book-running manager for Blackstone Mortgage Trust, Inc.’s (NYSE: BXMT) public offering of convertible senior notes. 

Blackstone Mortgage Trust, Inc., a real estate finance company that originates senior loans collateralized by commercial real estate in North America and Europe, sold a total of $115,000,000 aggregate principal amount of its 4.375% convertible senior notes due 2022 (including the full exercise of the underwriter’s over-allotment option) pursuant to a reopening of its existing series of such convertible senior notes. The total aggregate principal amount outstanding of the 4.375% convertible senior notes due 2022 is now $402,500,000. Blackstone Mortgage Trust, Inc. is externally managed by a subsidiary of The Blackstone Group, L.P.

Securities & Capital Markets partner Yariv Katz led the Paul Hastings team, which also included associates Cecilia Wang and Shai Vander.  The Paul Hastings team has also represented the underwriters in multiple prior public offerings for Blackstone Mortgage Trust, Inc. 

At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.