Paul Hastings Represents Joint Book Runners in Blackstone Mortgage Trust, Inc.'s $702 Million Public Offering of Class A Common Stock Undertaken to Supply Equity Financing for the Acquisition of GE Portfolio

April 20, 2015

New York, NY - Paul Hastings LLP, a leading global law firm, announced today that the firm represented Citigroup, BofA Merrill Lynch, J.P. Morgan, Wells Fargo Securities and Morgan Stanley as joint book-running managers for Blackstone Mortgage Trust, Inc.’s (NYSE: BXMT) public offering of class A common stock.

Blackstone Mortgage Trust, Inc., a real estate finance company that originates and purchases senior loans collateralized by commercial properties in North America and Europe, sold a total of 23,000,000 shares of class A common stock priced at $30.50 per share (including the full exercise of the underwriters’ option to purchase additional shares). The transaction raised gross proceeds of approximately $702 million. The company intends to use the net proceeds from the offering to pay for a portion of the purchase price for its proposed acquisition of a portfolio of commercial mortgage loans from GE Capital Real Estate, and for working capital and other general corporate purposes. Blackstone Mortgage Trust, Inc. is externally managed by a subsidiary of The Blackstone Group, L.P.

Co-managers in the offering included Barclays, Blackstone Capital Markets, UBS Investment Bank, Deutsche Bank Securities, Evercore ISI, FBR, JMP Securities and Keefe, Bruyette & Woods, A Stifel Company.

Securities & Capital Markets partners Michael L. Zuppone and Yariv Katz led the Paul Hastings team, which also included associates Keith Gartner and Melissa Fishkin.

The Paul Hastings team has also represented the joint book runners in multiple prior public offerings for Blackstone Mortgage Trust, Inc.

Paul Hastings is a leading global law firm with a strong presence throughout Asia, Europe, Latin America, and the United States. Through a collaborative approach, entrepreneurial spirit, and commitment to client service, the professionals of Paul Hastings deliver innovative solutions to many of the world’s top financial institutions and Fortune 500 companies.