Preferred Stock Offerings

By Preferred Stock Channel Staff, updated Sat, April 1, 4:24 PM

This Slide: #518 of 609

Slide #518. NorthStar Realty Finance Corp. — Preferred Stock Offering

Company:	NorthStar Realty Finance Corp. (NRF)
Date announced:	4/3/2013
Security type:	Series D Preferred Stock (NRF.PRD)
$Amount Offered:	$175,000,000
Date of Pricing:	4/4/2013
Price Per Share:	$25
Preferred Stock Offering Details:	NorthStar Realty Finance Corp. announced that it has commenced an underwritten public offering of its new Series D Preferred Stock. The Company expects to grant the underwriters a 30-day option to purchase additional shares of its Series D Preferred Stock solely to cover over-allotments, if any.--updated 4/4 - NorthStar Realty Finance Corp. (NYSE: NRF) (the "Company") announced today that it priced an underwritten public offering of $175 million of its 8.50% Series D Preferred Stock with a liquidation preference of $25 per share. The Company has granted the underwriters a 30-day option to purchase up to an additional $26.25 million of its Series D Preferred Stock solely to cover over-allotments, if any. The offering is expected to close on April 10, 2013.

NorthStar Realty Finance is a commercial real estate company. Co. is externally managed and advised by an affiliate of NorthStar Asset Management Group Inc. Co.'s primary business lines are: real estate, which focuses on various types of investments in commercial real estate that includes healthcare, hotel, manufactured housing communities, net lease, multifamily and multi-tenant office properties; Commercial Real Estate Debt, which focuses on senior and subordinate debt investments; and Commercial Real Estate Securities, which is comprised of its collateralized debt obligations (N-Star CDO) bonds and N-Star CDO equity of deconsolidated N-Star CDOs and includes other securities.

Preferreds: NRF.PRB, NRF.PRA, NRF.PRC, NRF.PRD, NRF.PRE