Market Overview

Apollo Commercial Real Estate Finance, Inc. Announces Pricing of Public Offering of Common Stock


Apollo Commercial Real Estate Finance, Inc. (the "Company") (NYSE:ARI)
today announced the Company has priced an underwritten public offering
of 12,000,000 shares of common stock for total estimated gross proceeds
of approximately $219 million. In connection with the offering, the
Company has granted the underwriters a 30-day option to purchase up to
an additional 1,800,000 shares of common stock. The offering is expected
to close on June 5, 2017, and is subject to customary closing conditions.

ARI intends to use all or a portion of the net proceeds from the
offering to acquire or originate the Company's target assets, which
include commercial first mortgage loans, subordinate financings,
commercial mortgage backed securities ("CMBS") and other commercial real
estate-related debt investments, and for working capital and other
general corporate purposes, including the repayment of borrowings
outstanding under the Company's repurchase agreements (excluding
repurchase agreements secured by the Company's CMBS portfolio).

Citigroup, J.P. Morgan, BofA Merrill Lynch and Morgan Stanley are the
joint book-running managers for the offering.

A registration statement relating to these securities has been filed
with the Securities and Exchange Commission and has become effective.
The offering will be made by means of a preliminary prospectus
supplement and accompanying prospectus. A copy of the final prospectus
supplement and accompanying prospectus related to the offering can be
obtained, when available, by contacting Citigroup, c/o Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by
calling 800-831-9146; J.P. Morgan Securities LLC, c/o Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717,
Attention: Prospectus Department, or by calling 866-803-9204; BofA
Merrill Lynch, NC1-004-03-43, 200 North College Street, 3rd floor,
Charlotte NC 28255-0001, Attention: Prospectus Department, Email:;
or Morgan Stanley, Attention: Prospectus Department, 180 Varick Street,
Second Floor, New York, NY 10014.

This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any securities, nor shall there be any
sale of any securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or

About Apollo Commercial Real Estate Finance, Inc.

Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) is a real estate
investment trust that primarily originates, acquires, invests in and
manages performing commercial first mortgage loans, subordinate
financings, CMBS and other commercial real estate-related debt
investments. The Company is externally managed and advised by ACREFI
Management, LLC, a Delaware limited liability company and an indirect
subsidiary of Apollo Global Management, LLC, a leading global
alternative investment manager with approximately $197.5 billion of
assets under management at March 31, 2017.

Forward-Looking Statements

Certain statements contained in this press release constitute
forward-looking statements as such term is defined in Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended, and such statements are intended to be
covered by the safe harbor provided by the same. Forward-looking
statements are subject to substantial risks and uncertainties, many of
which are difficult to predict and are generally beyond the Company's
control. These forward-looking statements include information about
possible or assumed future results of the Company's business, financial
condition, liquidity, results of operations, plans and objectives. When
used in this release, the words believe, expect, anticipate, estimate,
plan, continue, intend, should, may or similar expressions, are intended
to identify forward-looking statements. Statements regarding the
following subjects, among others, may be forward-looking: the return on
equity; the yield on investments; the ability to borrow to finance
assets; the Company's ability to deploy the proceeds of its capital
raises or acquire its target assets; and risks associated with investing
in real estate assets, including changes in business conditions and the
general economy. For a further list and description of such risks and
uncertainties, see the reports filed by the Company with the Securities
and Exchange Commission. The forward-looking statements, and other
risks, uncertainties and factors are based on the Company's beliefs,
assumptions and expectations of its future performance, taking into
account all information currently available to the Company.
Forward-looking statements are not predictions of future events. The
Company disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by law.

View Comments and Join the Discussion!