NEW YORK, June 03, 2022–(Business enterprise WIRE)–KKR True Estate Finance Trust Inc. (“KREF”) (NYSE: KREF) nowadays declared the pricing of a general public providing of 7,000,000 shares of KREF typical stock (the “Providing”), consisting of 2,750,000 main shares to be issued and marketed 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-day option to acquire from KREF up to an added 1,050,000 major shares of KREF prevalent inventory. Total approximated gross proceeds of the presenting are somewhere around $54.2 million to KREF (or $74.9 million if the underwriters exercising their option to obtain supplemental shares in complete) and somewhere around $83.7 million to the KKR Stockholder. The Presenting is envisioned to shut on June 7, 2022 and is matter to customary closing situations.

In relationship with the Presenting, the KKR Stockholder will enter into a lock-up agreement limiting the sale of its remaining shares of KREF widespread stock for 180 days next the day of the prospectus dietary supplement.

Prior to the Offering, the KKR Stockholder owned 14,250,000 shares of KREF widespread stock, representing roughly 21.% of KREF’s remarkable shares of popular stock as of June 1, 2022. After offering effect to the Offering, the KKR Stockholder is envisioned to own 10,000,000 shares of KREF prevalent stock, symbolizing approximately 14.1% of KREF’s superb shares of common stock (or about 13.9% if the underwriters workout their option to order added shares from KREF in total).

KREF intends to use the internet proceeds acquired by it from the Presenting to originate, get and finance focus on property in a way constant with its investment strategies and financial commitment rules and for basic company purposes. KREF will not obtain any of the proceeds from the sale of the shares of KREF prevalent inventory by the KKR Stockholder.

Morgan Stanley, Wells Fargo Securities, Goldman Sachs & Co. LLC, Raymond James, Barclays, Citigroup, Deutsche Financial institution Securities, J.P. Morgan and Keefe, Bruyette & Woods, a Stifel Organization, are performing as joint e-book-running administrators for the Supplying. BTIG is acting as co-supervisor for the Giving.

A registration assertion on Variety S-3 relating to these securities has been submitted with the Securities and Trade Commission (“SEC”) and has been declared effective. The Supplying will be produced only by implies of a prospectus dietary supplement and the accompanying prospectus. Copies of the prospectus supplement and the accompanying prospectus might be received from Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Street, 2nd Ground, New York, NY 10014 and Wells Fargo Securities, Attn: Fairness Syndicate Division, 30 Hudson Yards, 500 West 33rd Street – 14th Flooring, New York, NY 10001 or by viewing the SEC’s internet site at www.sec.gov below KKR Serious Estate Finance Rely on Inc.’s identify.

This press release shall not represent an supply to market or the solicitation of an offer to acquire these securities, nor shall there be any sale of these securities in any state or jurisdiction in which these kinds of offer, solicitation or sale would be unlawful prior to registration or qualification beneath the securities rules of any these kinds of condition or jurisdiction.

About KREF

KKR Serious Estate Finance Have confidence in Inc. (NYSE:KREF) is a actual estate finance corporation that focuses mostly on originating and acquiring senior financial loans secured by industrial serious estate attributes. KREF is externally managed and suggested by an affiliate of KKR & Co. Inc.

Forward-Searching Statements

This press release incorporates specified “forward-searching statements” in the that means of the Non-public Securities Litigation Reform Act of 1995. Ahead-seeking statements generally can be identified by the use of ahead-seeking terminology these types of as “assumptions,” “goal,” “steering,” “outlook,” “ideas,” “projection,” “may perhaps,” “will,” “would,” “really should,” “seeks,” “assume,” “intend,” “estimate,” “anticipate,” “think,” “prospective” or “continue on” (or the detrimental or other derivatives of each individual of these terms) or very similar expressions that worry KREF’s functions, approach, projections or intentions. These “ahead-hunting” statements incorporate statements relating to, between other points, the proposed issuance and sale by KREF of popular stock, the sale by the KKR Stockholder of typical stock and the anticipated use of the web proceeds been given by KREF from the Featuring. Ahead-hunting statements are issue to a range of hazards and uncertainties, quite a few of which include factors or circumstances that are past KREF’s management. These and other critical hazard elements are mentioned less than the heading “Hazard Elements” in KREF’s Yearly Report on Type 10-K for the fiscal 12 months finished December 31, 2021, submitted with the SEC, as this sort of elements may possibly be current from time to time in KREF’s other periodic filings with the SEC. Appropriately, precise outcomes or results may vary materially from individuals indicated in this launch. All forward-wanting statements in this launch speak only as of the date of this release. KREF undertakes no obligation to publicly update or revise any ahead-wanting statements, whether or not as a result of new info, long term developments or normally, other than as necessary by regulation.

Check out source model on businesswire.com: https://www.businesswire.com/news/house/20220602006038/en/

Contacts

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

Trader RELATIONS Contact:
Jack Switala
(212) 763-9048
[email protected]



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