Paul Hastings Represents Joint Book Runners in Blackstone Mortgage Trust, Inc.'s $702 Million Public Offering of Class A Common Stock Undertaken to Supply Equity Financing for the Acquisition of GE Portfolio

April 20, 2015

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

Blackstone Mortgage Trust, Inc., a real estate finance company that originates and purchases senior loans collateralized by commercial properties in North America and Europe, sold a total of 23,000,000 shares of class A common stock priced at $30.50 per share (including the full exercise of the underwriters’ option to purchase additional shares). The transaction raised gross proceeds of approximately $702 million. The company intends to use the net proceeds from the offering to pay for a portion of the purchase price for its proposed acquisition of a portfolio of commercial mortgage loans from GE Capital Real Estate, and for working capital and other general corporate purposes. Blackstone Mortgage Trust, Inc. is externally managed by a subsidiary of The Blackstone Group, L.P.

Co-managers in the offering included Barclays, Blackstone Capital Markets, UBS Investment Bank, Deutsche Bank Securities, Evercore ISI, FBR, JMP Securities and Keefe, Bruyette & Woods, A Stifel Company.

Securities & Capital Markets partners 

and  led the Paul Hastings team, which also included associates  and .

The Paul Hastings team has also represented the joint book runners in multiple prior public offerings for Blackstone Mortgage Trust, Inc.

Paul Hastings is a leading global law firm with a strong presence throughout Asia, Europe, Latin America, and the United States. Through a collaborative approach, entrepreneurial spirit, and commitment to client service, the professionals of Paul Hastings deliver innovative solutions to many of the world’s top financial institutions and Fortune 500 companies.

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