Blackstone Mortgage Trust Prices $450M Senior Secured Notes Offering
Blackstone Mortgage Trust, Inc. (NYSE: BXMT) announced May 5, 2026, the pricing of a private offering of $450 million in aggregate principal amount of 6.250% senior secured notes due 2031.
The company said it intends to use the net proceeds for general corporate purposes, including paying down existing secured indebtedness. The notes offering is expected to close on May 19, 2026, subject to customary closing conditions.
Deal Structure and Offering Terms
The offering is being conducted as a private transaction in reliance upon an exemption from the registration requirements of the Securities Act of 1933, as amended. In the United States, the notes are being offered only to persons reasonably believed to be "qualified institutional buyers" as defined under Rule 144A of the Securities Act. Outside the United States, the offering is being made pursuant to Regulation S under the Securities Act.
The notes and related guarantees have not been registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States without registration or an applicable exemption from registration requirements, the company stated.
About Blackstone Mortgage Trust and Its Portfolio
Blackstone Mortgage Trust is a real estate finance company that originates, acquires, and manages senior loans and other debt or credit-oriented investments collateralized by or relating to commercial real estate in North America, Europe, and Australia. The company's investment objective is to preserve and protect shareholder capital while producing risk-adjusted returns primarily through dividends generated from current income.
According to the company, its portfolio is composed primarily of loans secured by high-quality, institutional assets in major markets, sponsored by experienced, well-capitalized real estate investment owners and operators. These loans are financed in a variety of ways depending on the company's view of the most prudent strategy available for each investment.
Blackstone Mortgage Trust is externally managed by BXMT Advisors L.L.C., a subsidiary of Blackstone, which describes itself as the world's largest alternative asset manager with over $1.3 trillion in assets under management. Blackstone's global investment strategies span real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries, and hedge funds.
Investor and Regulatory Considerations
The press release issued by Blackstone Mortgage Trust does not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under applicable securities laws. The notice was issued pursuant to and in accordance with Rule 135c under the Securities Act.
The forward-looking statements contained in the company's announcement are subject to various risks and uncertainties, including those described under the "Risk Factors" section of its Annual Report on Form 10-K for the fiscal year ended December 31, 2025. Filings are accessible on the SEC's website at www.sec.gov. The company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events or circumstances.