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Citigroup, BofA Securities, Barclays, Morgan Stanley and Wells Fargo Securities Serve as Joint Book-Running Managers for Blackstone Mortgage Trust, Inc.’s Follow-on Public Offering of Class A Common Stock

June 11, 2020

New York - Paul Hastings LLP, a leading global law firm, announced today that the firm represented Citigroup, BofA Securities, Barclays, Morgan Stanley and Wells Fargo Securities as joint book-running managers for Blackstone Mortgage Trust, Inc.’s (NYSE: BXMT) follow-on public offering of class A common stock. 

Blackstone Mortgage Trust, Inc., a real estate finance company that originates senior loans collateralized by commercial real estate in North America, Europe and Australia, sold a total of 10,000,000 shares of class A common stock and raised gross proceeds of approximately $279 million.  The company also granted the underwriters a 30-day option to purchase up to an additional 1,500,000 shares.  Blackstone Mortgage Trust, Inc. is externally managed by a subsidiary of The Blackstone Group Inc.

Securities & Capital Markets partner Yariv Katz led the Paul Hastings team, which also included associates Shai Vander and Bianca Lazar. 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.