NorthStar Realty Finance Announces Public Offering of 15 Million Shares of Common Stock (NRF)

NorthStar Realty Finance Corp. NRF announced today the launch of an underwritten public offering of its common stock. Citi and Wells Fargo Securities are the joint book-running managers for the offering, and FBR Capital Markets is the co-manager for the offering. The underwriters are expected to be granted a 30-day option to purchase up to 2.25 million additional shares of common stock to cover over-allotments, if any. NorthStar expects to use the net proceeds from the sale of the common stock to purchase or repay its indebtedness, make investments relating to its business and for general corporate purposes.