Market Overview

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


KKR Real Estate Finance Trust Inc. ("KREF") (NYSE:KREF) announced the
pricing of a public offering of 5,000,000 shares of its common stock
(the "Shares") to be issued and sold by it. KREF will receive gross
proceeds of approximately $100 million. The Shares will be offered from
time to time for sale in one or more transactions on the New York Stock
Exchange, in the over-the-counter market, through negotiated
transactions or otherwise at market prices prevailing at the time of
sale, at prices related to prevailing market prices or at negotiated
prices. The offering is expected to close on August 10, 2018, subject to
customary closing conditions.

KREF intends to use the net proceeds from the offering to acquire its
target assets in a manner consistent with its investment strategies and
investment guidelines and for general corporate purposes.

Citigroup, J.P. Morgan and Wells Fargo Securities are acting as the
underwriters for the offering.

A shelf registration statement on Form S-3, including a prospectus,
related to the Shares has been filed by KREF with the U.S. Securities
and Exchange Commission ("SEC") and has become effective. The offering
will be made only be means of a prospectus supplement and the
accompanying prospectus, copies of which may be obtained from Citigroup,
c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood,
NY 11717 (Tel: 800-831-9146); or J.P. Morgan, Attention: Prospectus
Department, c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, New York 11717, or by calling toll-free at (866) 803-9204; or
from Wells Fargo Securities, LLC, Attention: Equity Syndicate at 375
Park Avenue, New York, NY 10152-4077, or by calling (800) 326-5897, or
by email:,
or by visiting the SEC's website at
under KREF's name.

This press release shall not constitute an offer to sell or the
solicitation of an offer to buy these securities, 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 the securities laws of any such state or

About KREF

KREF is a real estate investment trust that primarily originates or
acquires senior loans. KREF is externally managed and advised by KKR
Real Estate Finance Manager LLC, a registered investment adviser and an
indirect subsidiary of KKR & Co. Inc.

This press release contains certain "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements generally can be identified by the use of
forward-looking terminology such as "assumptions," "target," "guidance,"
"outlook," "plans," "projection," "may," "will," "would," "should,"
"seeks," "expect," "intend," "estimate," "anticipate," "believe,"
"potential" or "continue" (or the negative or other derivatives of each
of these terms) or similar expressions that concern KREF's operations,
strategy, projections or intentions. These "forward-looking" statements
include statements relating to, among other things, the proposed
offering of the Shares, the expected use of the net proceeds from the
offering, and KREF's expectations concerning market conditions for an
offering of common stock. Forward-looking statements are subject to a
number of risks and uncertainties, many of which involve factors or
circumstances that are beyond KREF's control. These and other important
risk factors are discussed under the heading "Risk Factors" in KREF's
Annual Report on Form 10-K for the fiscal year ended December 31, 2017,
as such factors may be updated from time to time in KREF's other
periodic filings with the SEC. KREF's actual results could differ
materially from those stated or implied in forward-looking statements.
Except as required by law, KREF undertakes no obligation to update or
revise any forward-looking statements KREF makes in its press releases,
whether as a result of new information, future events or otherwise.

View Comments and Join the Discussion!