KKR Real Estate Finance Trust and Selling Stockholder Complete Secondary Offering of Common Stock
06.01.21
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Simpson Thacher represented KKR Real Estate Finance Trust Inc. (NYSE: KREF) (“KREF”) and KKR REFT Holdings L.P. (the “Selling Stockholder”) in connection with a secondary offering of 5,750,000 shares of KREF’s common stock by the Selling Stockholder, which included a full exercise of the underwriters’ option to purchase additional shares. The offering raised approximately $115.4 million in gross proceeds, with the Selling Stockholder receiving all of the proceeds from the offering.
KREF is a real estate finance company that focuses primarily on originating and acquiring senior loans secured by commercial real estate assets. KREF is externally managed and advised by KKR Real Estate Finance Manager LLC, a subsidiary of KKR & Co. Inc.
The Simpson Thacher team included Joe Kaufman, Elise Quinones, Tony Rim, Nicole Fu and David Goodman (Capital Markets); Charles Mathes (Public Company Advisory Practice); Marcy Geller, Sophie Staples and Brian Mendick (Tax); and Ben Wells and Lucie Enns (Registered Asset Management).