Blackstone Mortgage Trust, Inc. (NYSE:BXMT) today announced the closing of its underwritten public offering of its class A common stock. A total of 10,000,000 shares of class A common stock were sold. Aggregate net proceeds to the Company from the offering, after deducting estimated offering expenses, were approximately $278.8 million. The Company also granted the underwriters a 30-day option to purchase up to an additional 1,500,000 shares.

The Company intends to use the net proceeds from the offering for working capital and other general corporate purposes, including further increasing its liquidity and supporting the origination of additional commercial mortgage loans and other target assets and investments.

Citigroup, BofA Securities, Barclays, Morgan Stanley and Wells Fargo Securities acted as joint book-running managers for the offering.

About Blackstone Mortgage Trust

Blackstone Mortgage Trust (NYSE: BXMT) is a real estate finance company that originates senior loans collateralized by commercial real estate in North America, Europe, and Australia. Our investment objective is to preserve and protect shareholder capital while producing attractive risk-adjusted returns primarily through dividends generated from current income from our loan portfolio. Our portfolio is composed of loans secured by high-quality, institutional assets in major markets, sponsored by experienced, well-capitalized real estate investment owners and operators. These senior loans are capitalized by accessing a variety of financing options, depending on our view of the most prudent strategy available for each of our investments. We are externally managed by BXMT Advisors L.L.C., a subsidiary of Blackstone.

About Blackstone

Blackstone (NYSE:BX) is one of the world's leading investment firms. Blackstone seeks to create positive economic impact and long-term value for its investors, the companies it invests in, and the communities in which it works. Blackstone does this by using extraordinary people and flexible capital to help companies solve problems. Blackstone's asset management businesses, with $538 billion in assets under management, include investment vehicles focused on private equity, real estate, public debt and equity, non-investment grade credit, real assets and secondary funds, all on a global basis.