Blackstone Mortgage Trust, Inc.’s Public Offering Of Convertible Senior Notes


Paul Hastings LLP represented BofA Merrill Lynch, Barclays, Citigroup, 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 and Europe, sold a total of $220.0 million aggregate principal amount of 4.75% convertible senior notes due 2023. The company also granted the underwriters a 30-day option to purchase up to an additional $33.0 million aggregate principal amount of the notes solely to cover overallotments, if any. Co-managers in the offering included JMP Securities and Keefe, Bruyette & Woods, A Stifel Company. Blackstone Mortgage Trust, Inc. is externally managed by a subsidiary of The Blackstone Group, L.P.

Paul Hastings advised the Joint Book-Running Managers with Yariv Katz (Picture), Felicia Yen, Shai Vander.

Involved fees earner: Yariv Katz – Paul Hastings; Felicia Yen – Paul Hastings; Shai Vander – Paul Hastings;

Law Firms: Paul Hastings;

Clients: Barclays Bank; Bank of America Merrill Lynch; Citigroup Inc.; JP Morgan; Morgan Stanley; Wells Fargo Securities;

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Author: Ambrogio Visconti