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

Jun 03, 2022

KKR Real Estate Finance Trust Inc. (“KREF”) (NYSE: KREF) today announced the pricing 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. Total estimated gross proceeds of the offering are approximately $54.2 million to KREF (or $74.9 million if the underwriters exercise their option to purchase additional shares in full) and approximately $83.7 million to the KKR Stockholder. The Offering is expected to close on June 7, 2022 and is subject to customary closing conditions.

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