other material
confidence high
sentiment neutral
materiality 0.60
KREF to sell 7M shares of common stock in underwritten offering; net proceeds ~$53.65M to company
KKR Real Estate Finance Trust Inc.
- Underwriting Agreement with Morgan Stanley & Wells Fargo for 2.75M primary shares by KREF and 4.25M secondary shares by KKR REFT Holdings L.P.
- Net proceeds to KREF ~$53.65M; proceeds to selling stockholder ~$82.92M.
- Company granted 30-day option to underwriters for up to 1.05M additional shares.
- KREF will use its proceeds for target assets and general corporate purposes; receives no proceeds from secondary shares.