KREF issues 6.21M Series A Preferred shares; net proceeds $151.2M

KKR Real Estate Finance Trust Inc.

Designated additional 6.26M shares of 6.50% Series A Cumulative Redeemable Preferred Stock, total authorized now 13.16M shares.
Issued 6.21M shares on Jan 13, 2022; net proceeds of $151.2M after underwriting discounts.
Proceeds to be used to acquire target assets per investment strategies and for general corporate purposes.
Shares fully fungible with previously outstanding Series A Preferred Stock; offering is a re-opening.

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