Blackstone Mortgage Trust closes $1.1B debt financing: $650M term loan and $450M senior notes

BLACKSTONE MORTGAGE TRUST, INC.

Added $650M Term B-5 Loans due 2028, SOFR+3.75% or base+2.75%, quarterly amortization 0.25% starting Mar 31, 2025.
Issued $450M 7.750% Senior Secured Notes due 2029; interest semi-annual, use proceeds for general corporate purposes and paying down existing secured debt.
Term B-5 proceeds used to refinance 2019 New Term Loans and Term B-3 Loans maturing April 2026.
Notes are senior secured, rank pari passu with existing secured debt; change-of-control put at 101% of principal.
Indenture includes debt incurrence limits and total debt to total assets ratio covenant (max 83.333%).

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.