NEW YORK–(BUSINESS WIRE)–KKR Real Estate Finance Trust Inc. (“KREF”) today announced the launch of its initial public offering of 10,000,000 shares of its common stock pursuant to a registration statement filed with the Securities and Exchange Commission. The initial public offering price is expected to be between $20.50 and $21.50 per share. KREF’s common stock has been approved for listing, subject to official notice of issuance, on the New York Stock Exchange under the symbol “KREF”.
KREF intends to use the net proceeds from the offering to acquire senior loans secured by commercial real estate assets, as well as mezzanine loans, preferred equity and other debt-oriented investments, consistent with its investment strategy and investment guidelines described in the registration statement.
The offering is being made through an underwriting group led by Wells Fargo Securities, Morgan Stanley and KKR, who are acting as joint book-running managers for the offering. Barclays, Goldman, Sachs & Co. and J.P. Morgan are acting as additional book-running managers. Keefe, Bruyette & Woods, Inc., A Stifel Company, is acting as a co-manager. KREF expects…