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

NEW YORK, June 03, 2022–(Small business WIRE)–KKR Actual Estate Finance Rely on Inc. (“KREF”) (NYSE: KREF) these days announced the pricing of a community offering of 7,000,000 shares of KREF widespread inventory (the “Featuring”), consisting of 2,750,000 principal shares to be issued and offered by KREF and 4,250,000 secondary shares to be offered 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 solution to obtain from KREF up to an additional 1,050,000 principal shares of KREF prevalent stock. Total approximated gross proceeds of the providing are around $54.2 million to KREF (or $74.9 million if the underwriters exercising their solution to buy further shares in complete) and about $83.7 million to the KKR Stockholder. The Giving is envisioned to close on June 7, 2022 and is subject to customary closing disorders.

In connection with the Giving, the KKR Stockholder will enter into a lock-up arrangement proscribing the sale of its remaining shares of KREF frequent stock for 180 days next the date of the prospectus dietary supplement.

Prior to the Presenting, the KKR Stockholder owned 14,250,000 shares of KREF frequent stock, representing around 21.% of KREF’s fantastic shares of typical stock as of June 1, 2022. Right after providing influence to the Giving, the KKR Stockholder is predicted to very own 10,000,000 shares of KREF typical stock, symbolizing about 14.1% of KREF’s fantastic shares of widespread stock (or approximately 13.9% if the underwriters work out their solution to invest in more shares from KREF in comprehensive).

KREF intends to use the web proceeds received by it from the Presenting to originate, obtain and finance target property in a method dependable with its investment strategies and financial investment tips and for typical company functions. KREF will not receive any of the proceeds from the sale of the shares of KREF popular stock by the KKR Stockholder.

Morgan Stanley, Wells Fargo Securities, Goldman Sachs & Co. LLC, Raymond James, Barclays, Citigroup, Deutsche Lender Securities, J.P. Morgan and Keefe, Bruyette & Woods, a Stifel Organization, are performing as joint guide-functioning administrators for the Providing. BTIG is acting as co-manager for the Giving.

A registration statement on Type S-3 relating to these securities has been filed with the Securities and Exchange Commission (“SEC”) and has been declared productive. The Providing will be produced only by implies of a prospectus nutritional supplement and the accompanying prospectus. Copies of the prospectus dietary supplement and the accompanying prospectus might be received from Morgan Stanley & Co. LLC, Attn: Prospectus Section, 180 Varick Road, 2nd Floor, New York, NY 10014 and Wells Fargo Securities, Attn: Equity Syndicate Department, 30 Hudson Yards, 500 West 33rd Street – 14th Ground, New York, NY 10001 or by going to the SEC’s web-site at www.sec.gov under KKR True Estate Finance Trust Inc.’s name.

This push launch shall not represent an offer to market or the solicitation of an provide to purchase these securities, nor shall there be any sale of these securities in any condition or jurisdiction in which such provide, solicitation or sale would be illegal prior to registration or qualification underneath the securities guidelines of any these types of state or jurisdiction.

About KREF

KKR True Estate Finance Belief Inc. (NYSE:KREF) is a authentic estate finance company that focuses primarily on originating and buying senior financial loans secured by business serious estate homes. KREF is externally managed and suggested by an affiliate of KKR & Co. Inc.

Forward-Seeking Statements

This press launch incorporates sure “ahead-seeking statements” in just the indicating of the Private Securities Litigation Reform Act of 1995. Ahead-seeking statements normally can be identified by the use of forward-searching terminology such as “assumptions,” “target,” “direction,” “outlook,” “options,” “projection,” “may well,” “will,” “would,” “ought to,” “seeks,” “count on,” “intend,” “estimate,” “anticipate,” “consider,” “prospective” or “carry on” (or the destructive or other derivatives of each individual of these phrases) or similar expressions that issue KREF’s functions, method, projections or intentions. These “forward-searching” statements consist of statements relating to, between other matters, the proposed issuance and sale by KREF of frequent stock, the sale by the KKR Stockholder of frequent stock and the expected use of the net proceeds obtained by KREF from the Giving. Ahead-on the lookout statements are topic to a selection of challenges and uncertainties, several of which include elements or situation that are over and above KREF’s manage. These and other critical risk aspects are reviewed beneath the heading “Risk Aspects” in KREF’s Annual Report on Form 10-K for the fiscal 12 months ended December 31, 2021, filed with the SEC, as these things may perhaps be up-to-date from time to time in KREF’s other periodic filings with the SEC. Accordingly, actual outcomes or success could differ materially from those indicated in this launch. All ahead-wanting statements in this launch communicate only as of the day of this launch. KREF undertakes no obligation to publicly update or revise any ahead-wanting statements, no matter whether as a final result of new info, long term developments or otherwise, other than as expected by regulation.

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