KKR Real Estate Finance Trust’s $172.5 Million Preferred Stock Offering

Simpson Thacher represented KKR Real Estate Finance Trust in the transaction.

KKR Real Estate Finance Trust Inc. (NYSE: KREF) (“KREF”) executed its registered offering of 6,900,000 shares of its 6.5% Series A Cumulative Redeemable Preferred Stock, resulting in gross proceeds to KREF of $172.5 million. 

KREF, a real estate finance company that focuses primarily on originating and acquiring senior loans secured by commercial real estate assets, intends to use the net proceeds from the offering to acquire its target assets in a manner consistent with its investment strategies and guidelines.

The Simpson Thacher team included Joe Kaufman (Picture) and Elise Quinones (Capital Markets); Charlie Mathes (Public Company Advisory Practice); Marcy Geller, Sophie Staples and Brian Mendick (Tax); and Jeanne Annarumma (Executive Compensation and Employee Benefits). Lia Toback also provided invaluable assistance.

Involved fees earner: Jeanne Annarumma – Simpson Thacher & Bartlett; Marcy Geller – Simpson Thacher & Bartlett; Joseph Kaufman – Simpson Thacher & Bartlett; Charles Mathes – Simpson Thacher & Bartlett; Brian Mendick – Simpson Thacher & Bartlett; Elise Quinones – Simpson Thacher & Bartlett; Sophie Staples – Simpson Thacher & Bartlett; Lia Toback – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: KKR Real Estate Finance Trust Inc.;

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Martina Bellini

Author: Martina Bellini

KKR Real Estate Finance Trust’s $172.5 Million Preferred Stock Offering

Simpson Thacher represented KKR Real Estate Finance Trust in the transaction.

KKR Real Estate Finance Trust Inc. (NYSE: KREF) (“KREF”) executed its registered offering of 6,900,000 shares of its 6.5% Series A Cumulative Redeemable Preferred Stock, resulting in gross proceeds to KREF of $172.5 million. 

KREF, a real estate finance company that focuses primarily on originating and acquiring senior loans secured by commercial real estate assets, intends to use the net proceeds from the offering to acquire its target assets in a manner consistent with its investment strategies and guidelines.

The Simpson Thacher team included Joe Kaufman (Picture) and Elise Quinones (Capital Markets); Charlie Mathes (Public Company Advisory Practice); Marcy Geller, Sophie Staples and Brian Mendick (Tax); and Jeanne Annarumma (Executive Compensation and Employee Benefits). Lia Toback also provided invaluable assistance.

Involved fees earner: Jeanne Annarumma – Simpson Thacher & Bartlett; Marcy Geller – Simpson Thacher & Bartlett; Joseph Kaufman – Simpson Thacher & Bartlett; Charles Mathes – Simpson Thacher & Bartlett; Brian Mendick – Simpson Thacher & Bartlett; Elise Quinones – Simpson Thacher & Bartlett; Sophie Staples – Simpson Thacher & Bartlett; Lia Toback – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: KKR Real Estate Finance Trust Inc.;

Print Friendly, PDF & Email
Martina Bellini

Author: Martina Bellini