Wednesday, 5 August 2015
Last updated 9 hours 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…