secwatch.observer — SEC 8-K summary
======================================

Issuer:     BLACKSTONE MORTGAGE TRUST, INC. (BXMT)
CIK:        0001061630
Form:       8-K
Filed at:   2022-03-29T23:59:59+00:00
Accession:  0001193125-22-088106
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BXMT completes $300M offering of 5.50% Convertible Senior Notes due 2027
------------------------------------------------------------------------

- $300M aggregate principal of 5.50% convertible notes due March 2027; initial conversion price ~$36.27 per share.
- Net proceeds of ~$293.5M after underwriting discounts and estimated offering expenses.
- Underwriters granted 30-day option to purchase up to $45M additional notes to cover overallotments.
- Notes are senior unsecured, ranking equally with existing 4.375% and 4.75% convertible notes.
- Interest payable semi-annually on March 15 and September 15, commencing September 15, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1061630/000119312522088106/0001193125-22-088106-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1061630/000119312522088106/d341303d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-088106

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer