KKR Real Estate Finance Trust Inc. Announces Public Offering of Common Stock

Jun 02, 2022

KKR Real Estate Finance Trust Inc. (“KREF”) (NYSE: KREF) today announced the launch of a public offering of 7,000,000 shares of KREF common stock (the “Offering”), consisting of 2,750,000 primary shares to be issued and sold by KREF and 4,250,000 secondary shares to be sold by KKR REFT Holdings L.P., a subsidiary of KKR & Co. Inc. (the “KKR Stockholder”). In addition, KREF has agreed to grant the underwriters a 30-day option to purchase from KREF up to an additional 1,050,000 primary shares of KREF common stock. KREF intends to use the net proceeds received by it from the Offering to originate, acquire and finance target assets in a manner consistent with its investment strategies and investment guidelines and for general corporate purposes. KREF will not receive any of the proceeds from the sale of the shares of KREF common stock by the KKR Stockholder.

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