NorthStar Realty Finance commences common stock offering


NorthStar Realty Finance Corp. has commenced an underwritten public offering of 15,000,000 shares of common stock.

The company expects to grant the underwriter a 30-day option to purchase up to 2,250,000 additional shares of common stock.

The company intends to use the net proceeds of the offering to make investments relating to its business, to repurchase or pay its liabilities and for general corporate purposes.

Deutsche Bank Securities Inc. is acting as the sole book-running manager of the offering.

Source: NorthStar Realty Finance

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