Ladder Capital Corp (NYSE:LADR) Files An 8-K Other Events
Item 8.01. Other Events.
On March7, 2017, Ladder Capital Corp (the Company) entered into
an underwriting agreement (the Underwriting Agreement) with the
selling stockholders named therein (the Selling Stockholders) and
UBS Securities LLC, as the underwriter (the Underwriter), to
which the Selling Stockholders agreed to sell to the Underwriter,
and the Underwriter agreed to purchase from the Selling
Stockholders, subject to and upon the terms and conditions set
forth therein, an aggregate of 3,000,000 shares of the Companys
ClassA common stock, par value $0.001 per share, at a price of
$14.05 per share.
The foregoing description is qualified in its entirety by
reference to the full text of the Underwriting Agreement, which
is filed as Exhibit1.1 to this Current Report on Form8-K and
incorporated herein by reference.
Item 9.01. Financial Statements and
Exhibits.
The exhibit to this Current Report on Form8-K is hereby
incorporated by reference into the Registration Statement on
FormS-3 (Registration No.333-202590) filed by the Company with
the Securities and Exchange Commission on March6, 2015 and
amended on March4, 2016 and March7, 2016.
(d) Exhibits
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Exhibit No. |
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DescriptionofExhibit |
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1.1 |
Underwriting Agreement, dated March7, 2017, by and among |
About Ladder Capital Corp (NYSE:LADR)
Ladder Capital Corp is a commercial real estate finance company. The Company’s segments include loans, securities and real estate. The loans segment includes mortgage loan receivables held for investment (balance sheet loans) and mortgage loan receivables held for sale (conduit loans). The securities segment comprises all of the Company’s activities related to commercial real estate securities, which include investments in commercial mortgage-backed securities (CMBS) and United States Agency Securities. The real estate segment includes net leased properties, office buildings, a warehouse and condominium units. The Company invests primarily in loans, securities and other interests in the United States commercial real estate, with a focus on senior secured assets. The Company owns approximately 100 single tenant net leased properties. In addition, the Company owns approximately 30 other properties. Ladder Capital Corp (NYSE:LADR) Recent Trading Information
Ladder Capital Corp (NYSE:LADR) closed its last trading session down -0.17 at 13.71 with 516,962 shares trading hands.