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

Linda D. Klein

NEW YORK, June 02, 2022–(Business WIRE)–KKR Real Estate Finance Trust Inc. (“KREF”) (NYSE: KREF) today announced the launch of a public supplying of 7,000,000 shares of KREF popular inventory (the “Giving”), consisting of 2,750,000 primary shares to be issued and offered by KREF and 4,250,000 secondary shares to be bought 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-working day alternative to obtain from KREF up to an further 1,050,000 most important shares of KREF common inventory. KREF intends to use the net proceeds acquired by it from the Supplying to originate, obtain and finance target property in a method consistent with its financial commitment strategies and financial commitment recommendations and for standard corporate needs. KREF will not get any of the proceeds from the sale of the shares of KREF prevalent stock by the KKR Stockholder.

In relationship with the Offering, the KKR Stockholder will enter into a lock-up arrangement restricting the sale of its remaining shares of KREF popular inventory for 180 days next the date of the prospectus complement.

Prior to the Supplying, the KKR Stockholder owned 14,250,000 shares of KREF widespread stock, symbolizing somewhere around 21.% of KREF’s fantastic shares of popular inventory as of June 1, 2022. Immediately after giving outcome to the Supplying, the KKR Stockholder is envisioned to have 10,000,000 shares of KREF popular inventory, representing roughly 14.1% of KREF’s remarkable shares of common inventory (or approximately 13.9% if the underwriters workout their choice to acquire supplemental shares from KREF in whole).

Morgan Stanley, Wells Fargo Securities, Goldman Sachs & Co. LLC, Raymond James, Barclays, Citigroup, Deutsche Bank Securities, J.P. Morgan and Keefe, Bruyette & Woods, a Stifel Firm, are acting as joint ebook-jogging administrators for the Presenting.

A registration assertion on Type S-3 relating to these securities has been submitted with the Securities and Exchange Commission (“SEC”) and has been declared efficient. The Offering will be made only by implies of a preliminary prospectus dietary supplement and the accompanying prospectus. Copies of the preliminary prospectus complement and the accompanying prospectus, and the last prospectus nutritional supplement, when readily available, may possibly be acquired from Morgan Stanley & Co. LLC, Attn: Prospectus Division, 180 Varick Avenue, 2nd Ground, New York, NY 10014 and Wells Fargo Securities, Attn: Equity Syndicate Section, 30 Hudson Yards, 500 West 33rd Street – 14th Floor, New York, NY 10001 or by checking out the SEC’s site at www.sec.gov underneath KKR Real Estate Finance Trust Inc.’s name.

This press release shall not represent an offer to sell or the solicitation of an supply to invest in these securities, nor shall there be any sale of these securities in any point out or jurisdiction in which this sort of give, solicitation or sale would be illegal prior to registration or qualification beneath the securities legislation of any these kinds of condition or jurisdiction.

About KREF

KKR Real Estate Finance Have confidence in Inc. (NYSE:KREF) is a actual estate finance business that focuses mostly on originating and getting senior loans secured by industrial serious estate homes. KREF is externally managed and recommended by an affiliate of KKR & Co. Inc.

Forward-Looking Statements

This press launch is made up of certain “ahead-looking statements” inside of the indicating of the Private Securities Litigation Reform Act of 1995. Ahead-hunting statements generally can be discovered by the use of forward-seeking terminology this kind of as “assumptions,” “concentrate on,” “steerage,” “outlook,” “strategies,” “projection,” “may,” “will,” “would,” “really should,” “seeks,” “hope,” “intend,” “estimate,” “foresee,” “feel,” “likely” or “keep on” (or the negative or other derivatives of just about every of these conditions) or equivalent expressions that worry KREF’s functions, approach, projections or intentions. These “ahead-searching” statements include statements relating to, amongst other things, the proposed issuance and sale by KREF of prevalent stock, the sale by the KKR Stockholder of popular inventory and the predicted use of the net proceeds acquired by KREF from the Giving. Ahead-seeking statements are subject matter to a amount of challenges and uncertainties, many of which contain things or circumstances that are outside of KREF’s handle. These and other important risk variables are discussed less than the heading “Possibility Aspects” in KREF’s Once-a-year Report on Variety 10-K for the fiscal year ended December 31, 2021, filed with the SEC, as this sort of components may well be updated from time to time in KREF’s other periodic filings with the SEC. Accordingly, real outcomes or results might vary materially from individuals indicated in this release. All forward-wanting statements in this release talk only as of the date of this launch. KREF undertakes no obligation to publicly update or revise any forward-wanting statements, whether or not as a result of new data, upcoming developments or or else, other than as required by legislation.

See supply variation on businesswire.com: https://www.businesswire.com/information/dwelling/20220602005935/en/

Contacts

MEDIA Contact:
Cara Important or Miles Radcliffe-Trenner
(212) 750-8300
[email protected]

Trader RELATIONS Get hold of:
Jack Switala
(212) 763-9048
[email protected]

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