debt
confidence high
sentiment neutral
materiality 0.65
Blackstone Mortgage Trust launches $400M senior secured notes offering due 2027
BLACKSTONE MORTGAGE TRUST, INC.
- Private offering of $400M aggregate principal amount of senior secured notes due 2027.
- Six-month 2021 net income attributable to BXMT of $211.5M vs. loss of $35.8M in prior-year period.
- Distributable Earnings (non-GAAP) for twelve months ended June 30, 2021: $357.1M.
- Debt-to-equity ratio of 2.4x as of June 30, 2021; secured debt-to-equity ratio of 2.2x.
- Pro forma liquidity as of June 30, 2021: $2.09B, including cash and available borrowings.