Blackstone Mortgage Trust prices $450 million in senior secured notes

On November 25, 2024, Blackstone Mortgage Trust, Inc., located in New York, announced the private pricing of its offering of senior secured notes. The offering involves $450 million in aggregate principal amount of 7.750% notes due in 2029. The company plans to use the net proceeds from this offering for general corporate purposes, including reducing existing secured debt. This transaction is anticipated to close on December 10, 2024, and regulatory conditions apply. The offering is categorized as a private transaction, meaning it relies on exemptions from the registration requirements of the Securities Act of 1933 and is limited to qualified institutional buyers and certain international entities.