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Apollo Commercial Real Estate Finance, Inc. Announces Private Offering of Common Stock and 8.00% Fixed-to-Floating Series B Cumulative Redeemable Perpetual Preferred Stock

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NEW YORK--(BUSINESS WIRE)--Apollo Commercial Real Estate Finance, Inc. (the “Company”) (NYSE:ARI) today announced the Company completed a private offering of 8,823,529 shares of common stock to an accredited investor (the “Investor”) at a purchase price of $17.00 per share, for total gross proceeds of approximately $150 million. In addition, the Company completed a private offering of 8,000,000 shares of 8.00% Fixed-to-Floating Series B Cumulative Redeemable Perpetual Preferred Stock (the “Seri

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