trending Market Intelligence /marketintelligence/en/news-insights/trending/jp0lgvhnj6z9so6lwbz6xa2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Blackstone Mortgage Trust launches convertible debt offering

Key Credit Risk Factors When Assessing Banks In The Context Of COVID-19

Street Talk Episode 61 - Investors debate if U.S. banks have enough capital in post COVID world

You Down With PPP? Consider The Risks

Street Talk Episode 60 - You Down With PPP? Consider The Risks


Blackstone Mortgage Trust launches convertible debt offering

Blackstone Mortgage Trust Inc. commenced an underwritten public offering of $220.0 million of convertible senior notes due 2023.

The company granted the underwriters a 30-day option to purchase up to an additional $33.0 million of the notes solely to cover overallotments.

Blackstone Mortgage intends to use the net proceeds from the offering to originate and purchase additional commercial mortgage loans and other target assets and investments, for working capital, and other general corporate purposes, including repayment of debt.

The notes will mature on March 15, 2023. The notes will be convertible only upon certain circumstances and during certain periods prior to Dec. 15, 2022, and thereafter will be convertible at any time prior to the close of business on the second scheduled trading day prior to maturity. Upon conversion, holders will receive cash, shares of the company's class A common stock or a combination of cash and stock.

Bank of America Merrill Lynch, Barclays, Citigroup, J.P. Morgan, Morgan Stanley and Wells Fargo Securities are acting as joint book-running managers for the offering.