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Stock impact report

Apollo Commercial Real Estate Finance, Inc. Announces Full Exercise of Option to Purchase Additional Shares of Common Stock

Apollo Commercial Real Estate Finance, Inc (ARI) 
Last apollo commercial real estate finance, inc earnings: 2/13 04:30 pm Check Earnings Report
US:NYSE Investor Relations: apolloreit.com
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)-- Apollo Commercial Real Estate Finance, Inc. (the “Company”) (NYSE:ARI) today announced the underwriters for the Company’s recently announced public offering of 12,000,000 shares of common stock have exercised in full their option to purchase up to an additional 1,800,000 shares. After giving effect to the full exercise of the option, the total estimated gross proceeds from the offering totaled approximately $251.9 million. Settlement of the sale of the additional shares occurred concurrent with the closing of the offering today, June 5, 2017. ARI intends to use all or a portion of the net proceeds from the offering to acquire or originate the Company's target assets, which include commercial first mortgage loans, subordinate financings, commercial mortgage backed securities (“CMBS”) and other commercial real estate-related debt investments, and for working capital and other ge Show less Read more
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