Blackstone Mortgage Trust’s $307 Million Common Stock Offering

Simpson Thacher represented Blackstone Mortgage Trust, Inc. (NYSE: BXMT) in connection with its public offering. Paul Hastings has represented the underwriters on the deal.

Blackstone Mortgage Trust, Inc. (NYSE: BXMT) offered 8,625,000 shares of class A common stock, inclusive of shares sold pursuant to the underwriters’ full exercise of their option to purchase additional shares, in each case at a price to the underwriters of $35.6234 per share, or approximately $307 million in the aggregate.

Blackstone Mortgage Trust is a real estate finance company that originates senior loans collateralized by commercial real estate in North America, Europe, and Australia. The company is a real estate investment trust, or REIT, headquartered in New York City and is externally managed by BXMT Advisors L.L.C., a subsidiary of The Blackstone Group L.P.

Citigroup Global Markets Inc., BofA Securities, Inc., Barclays Capital Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Wells Fargo Securities, LLC and Deutsche Bank Securities Inc. acted as representatives of the several Underwriters.

The Simpson Thacher team included Edgar Lewandowski (Picture) and Evan Zuckerman (Capital Markets); Nancy Mehlman and Edward Grais (Tax); and Amanda Weiss and Joia Lee (Public Company Advisory Practice). Summer Associate Conor Mercadante also provided valuable assistance.

The Paul Hastings team was composed by Securities & Capital Markets partner Yariv Katz, and included associates Felicia Yen and Shai Vander.

Involved fees earner: Yariv Katz – Paul Hastings; Shai Vander – Paul Hastings; Felicia Yen – Paul Hastings; Edward Grais – Simpson Thacher & Bartlett; Joia Lee – Simpson Thacher & Bartlett; Edgar Lewandowski – Simpson Thacher & Bartlett; Nancy Mehlman – Simpson Thacher & Bartlett; Conor Mercadante – Simpson Thacher & Bartlett; Amanda Weiss – Simpson Thacher & Bartlett; Evan Zuckerman – Simpson Thacher & Bartlett;

Law Firms: Paul Hastings; Simpson Thacher & Bartlett;

Clients: Bank of America Securities; Barclays Capital; Blackstone Mortgage Trust, Inc.; Citigroup Global Markets Ltd; Deutsche Bank Securities; J.P. Morgan Securities LLC; Morgan Stanley; Wells Fargo Securities;

Author: Ambrogio Visconti