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Blackstone Mortgage Trust, Inc. Announces Closing Of Public Offering And Full Exercise Of Over-Allotment Option By Underwriters

NEW YORK, May 29, 2013 /PRNewswire/ -- Blackstone Mortgage Trust, Inc. (NYSE: BXMT) (the "Company") today announced the closing of its previously announced public offering of class A common stock.  A total of 25,875,000 shares of class A common stock was sold, composed of 22,500,000 shares initially offered and an additional 3,375,000 shares sold pursuant to the underwriters' full exercise of their over-allotment option, in each case at a public offering price of $25.50 per share, for aggregate gross proceeds of approximately $660 million.  Aggregate net proceeds to the Company, after underwriting discounts and commissions and other estimated offering expenses after certain reimbursements, will be approximately $634 million.  After giving effect to the closing of the offering, including the shares issued pursuant to the over-allotment option, 28,892,791 shares and share equivalents of class A common stock are outstanding, and the book value per share of class A common stock (as of March 31, 2013) would have been $24.58 per share.

The Company intends to use the proceeds from the offering to originate and purchase loans through its recently commenced senior mortgage lending program in the United States and Europe, including the origination and acquisition of an initial portfolio of senior mortgage loans and pari passu participations in existing senior mortgage loans, and for working capital and general corporate purposes.

Citigroup, BofA Merrill Lynch, J.P. Morgan, Deutsche Bank Securities, Wells Fargo Securities and UBS Investment Bank acted as joint book-running managers for the offering. Blackstone Capital Markets, Keefe, Bruyette & Woods A Stifel Company, Evercore Partners and JMP Securities acted as co-managers.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Blackstone Mortgage Trust
Blackstone Mortgage Trust, Inc. (NYSE: BXMT) is a real estate finance company that primarily originates and purchases senior mortgage loans collateralized by properties in the United States and Europe. The Company is externally managed by BXMT Advisors L.L.C., a subsidiary of The Blackstone Group L.P. ("Blackstone"), and is a real estate investment trust traded on the NYSE under the symbol "BXMT." Blackstone Mortgage Trust, Inc. is headquartered in New York City.

About Blackstone
Blackstone is a global leader in private equity real estate investing.  Founded in 1991, Blackstone's real estate business is the largest opportunistic real estate investment manager in the world, with more than $50 billion in investor capital under management.  Blackstone's portfolio includes hotel, office, retail, industrial and residential properties in the U.S., Europe and Asia.  Major holdings include:  Hilton Worldwide, Equity Office Properties, Brixmor shopping centers and London's Broadgate office complex.  Blackstone seeks to create positive economic impact and long-term value for its investors, the companies it invests in, the companies it advises and the broader global economy.  In addition to managing real estate private equity funds, Blackstone's alternative asset management businesses include the management of private equity funds, hedge fund solutions, credit-focused funds and closed-end mutual funds.  Blackstone also provides various financial advisory services, including financial and strategic advisory, restructuring and reorganization advisory and fund placement services.

Forward-looking Statements
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements relating to future financial results and business prospects. The forward-looking statements contained in this press release are subject to certain risks and uncertainties including, but not limited to, the risks indicated from time to time in Blackstone Mortgage Trust, Inc.'s Form 10-K and Form 10-Q filings with the Securities and Exchange Commission. Blackstone Mortgage Trust, Inc. assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events or circumstances.


SOURCE Blackstone Mortgage Trust, Inc.

for Blackstone Mortgage Trust, Inc., Douglas Armer, +1 (212) 655-0220,