Paul Hastings Represents Joint Book-Running Managers for Blackstone Mortgage Trust, Inc.'s Public Offering Of Convertible Senior Notes

March 29, 2022

New York – Paul Hastings LLP, a leading global law firm, announced today that the firm represented Citigroup, BofA Securities, Barclays, J.P. Morgan, Morgan Stanley and Wells Fargo Securities as joint book-running managers 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, Europe and Australia, sold a total of $300 million aggregate principal amount of 5.50% convertible senior notes due 2027. The company also granted the underwriters a 30-day option to purchase up to an additional $45 million aggregate principal amount of the notes solely to cover overallotments, if any.  Blackstone Mortgage Trust, Inc. is externally managed by a subsidiary of Blackstone Inc.

Securities & Capital Markets partner Yariv Katz led the Paul Hastings team, which also included partner Joyce Sophia Xu and associates Shai Marshall, Matthew Smith and Amelia Seder. The Paul Hastings team has also represented the underwriters in multiple prior offerings for Blackstone Mortgage Trust, Inc.

Dedicated to helping the world’s leading Wall Street and global investment banks, asset managers and corporations achieve their business and legal goals, Paul Hastings is a premier global finance law firm with elite teams in finance, mergers and acquisitions, private equity and litigation. We are one of only a handful of law firms ranked across multiple core finance areas including: structured credit, leveraged finance, private credit, capital markets and real estate finance.

Our unmatched client service has helped us become one of the legal profession’s most admired firms, known for a diverse and highly collaborative culture that delivers innovative solutions.


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