Benefit Street Partners Realty Trust Inc. on June 1 engaged a third party to assist with selling up to $100 million of the company's common shares over approximately eight months to potential investors.
The offer price will be $16.71 per common share. The offering is exempt from registration under the Securities Act.
The company also agreed on June 1 to sell $75.8 million in series A convertible preferred stock to an institutional investor and an individual investor.
