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

NEW YORK, June 03, 2022–(Organization WIRE)–KKR Authentic Estate Finance Trust Inc. (“KREF”) (NYSE: KREF) currently announced the pricing of a general public presenting of 7,000,000 shares of KREF typical stock (the “Providing”), consisting of 2,750,000 primary shares to be issued and marketed 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 order from KREF up to an further 1,050,000 key shares of KREF prevalent stock. Full estimated gross proceeds of the offering are about $54.2 million to KREF (or $74.9 million if the underwriters physical exercise their option to acquire more shares in entire) and around $83.7 million to the KKR Stockholder. The Offering is expected to close on June 7, 2022 and is issue to customary closing circumstances.

In relationship with the Supplying, the KKR Stockholder will enter into a lock-up agreement restricting the sale of its remaining shares of KREF popular inventory for 180 days subsequent the date of the prospectus dietary supplement.

Prior to the Providing, the KKR Stockholder owned 14,250,000 shares of KREF widespread inventory, representing close to 21.% of KREF’s outstanding shares of widespread inventory as of June 1, 2022. Immediately after offering impact to the Featuring, the KKR Stockholder is predicted to have 10,000,000 shares of KREF frequent stock, symbolizing approximately 14.1% of KREF’s excellent shares of common stock (or about 13.9% if the underwriters workout their alternative to acquire additional shares from KREF in whole).

KREF intends to use the net proceeds been given by it from the Featuring to originate, get and finance concentrate on property in a way reliable with its expense procedures and financial commitment suggestions and for common company uses. KREF will not get any of the proceeds from the sale of the shares of KREF common stock by the KKR Stockholder.

Tale continues

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 Business, are performing as joint guide-operating administrators for the Providing. BTIG is acting as co-manager for the Featuring.

A registration assertion on Form S-3 relating to these securities has been submitted with the Securities and Exchange Fee (“SEC”) and has been declared helpful. The Providing will be designed only by indicates of a prospectus dietary supplement and the accompanying prospectus. Copies of the prospectus complement and the accompanying prospectus may possibly be attained from Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Road, 2nd Floor, New York, NY 10014 and Wells Fargo Securities, Attn: Equity Syndicate Division, 30 Hudson Yards, 500 West 33rd Road – 14th Flooring, New York, NY 10001 or by browsing the SEC’s web site at www.sec.gov beneath KKR Authentic Estate Finance Belief Inc.’s title.

This push launch shall not constitute an give to market or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any point out or jurisdiction in which these offer you, solicitation or sale would be illegal prior to registration or qualification beneath the securities regulations of any these kinds of condition or jurisdiction.

About KREF

KKR True Estate Finance Have faith in Inc. (NYSE:KREF) is a real estate finance company that focuses primarily on originating and getting senior loans secured by industrial actual estate attributes. KREF is externally managed and suggested by an affiliate of KKR & Co. Inc.

Forward-Hunting Statements

This push launch contains particular “forward-seeking statements” within the this means of the Personal Securities Litigation Reform Act of 1995. Ahead-seeking statements normally can be determined by the use of forward-hunting terminology these types of as “assumptions,” “goal,” “advice,” “outlook,” “programs,” “projection,” “may perhaps,” “will,” “would,” “must,” “seeks,” “expect,” “intend,” “estimate,” “foresee,” “think,” “potential” or “go on” (or the unfavorable or other derivatives of each individual of these terms) or identical expressions that worry KREF’s operations, approach, projections or intentions. These “ahead-looking” statements incorporate statements relating to, between other items, the proposed issuance and sale by KREF of popular stock, the sale by the KKR Stockholder of common inventory and the envisioned use of the net proceeds gained by KREF from the Supplying. Forward-searching statements are topic to a number of dangers and uncertainties, several of which contain aspects or instances that are past KREF’s handle. These and other vital possibility elements are talked about under the heading “Chance Elements” in KREF’s Yearly Report on Sort 10-K for the fiscal calendar year finished December 31, 2021, filed with the SEC, as these types of components may well be up-to-date from time to time in KREF’s other periodic filings with the SEC. Accordingly, real outcomes or effects may possibly vary materially from those indicated in this launch. All forward-wanting statements in this release converse only as of the day of this launch. KREF undertakes no obligation to publicly update or revise any forward-seeking statements, whether as a outcome of new data, potential developments or usually, apart from as essential by law.

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