Monday, 26 January 2015
Last updated 2 days ago
Jan 13 2014 | 10:00am ET
The Blackstone Group hopes to raise as much as $261.5 million for its publicly-listed real-estate finance vehicle tomorrow.
Blackstone Mortgage Trust will offer 8.5 million shares for $227.4 million. The deal's underwriters—Bank of America Merrill Lynch, Citigroup, JPMorgan Chase and Wells Fargo Securities—can sell as many as 1.275 million more, which would bring the total haul to $261.5 million.
BXMT said that the proceeds from the sale would be primarily used to make and buy more commercial mortgage loans.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…