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KKR Real Estate Finance Trust prices common offering

KKR Real Estate Finance Trust priced its previously announced public offering of 5 million common shares.

The company estimates approximately $100 million in gross proceeds from the offering, which is expected to close Aug. 10.

Net proceeds will be used to acquire target assets and for general corporate purposes.

Citigroup, J.P. Morgan and Wells Fargo Securities are the underwriters for the offering.