Blackstone Mortgage Trust Announces Pricing of Offering of Senior Secured Notes
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Blackstone Mortgage Trust, Inc. (NYSE: BXMT) has announced the pricing of a $450 million private offering of 7.750% senior secured notes due 2029. The proceeds will be used for general corporate purposes, including paying down existing secured debt. The offering is expected to close on December 10, 2024.
November 25, 2024 | 9:30 pm
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Blackstone Mortgage Trust has priced a $450 million offering of 7.750% senior secured notes due 2029. The funds will be used for general corporate purposes, including reducing existing debt.
The issuance of senior secured notes at a fixed interest rate allows BXMT to secure long-term financing, which can be beneficial for managing debt and funding corporate activities. This move is likely to be viewed positively by investors as it demonstrates proactive financial management.
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