Ladder Capital Corp Prices Its Initial Public Offering

NEW YORK--()--Ladder Capital Corp announced today the pricing of its initial public offering of 13,250,000 shares of its Class A common stock at a price to the public of $17.00 per share. All of the shares in the offering are being offered by Ladder Capital Corp. In addition, Ladder Capital Corp has granted the underwriters a 30-day option to purchase up to an additional 1,987,500 shares of its Class A common stock to cover over-allotments, if any. The shares are expected to begin trading on February 6, 2014 on the New York Stock Exchange under the ticker symbol “LADR.” The closing of the offering is expected to occur on February 11, 2014, subject to the satisfaction of customary closing conditions.

Deutsche Bank Securities, Citigroup, Wells Fargo Securities, BofA Merrill Lynch and J.P. Morgan are acting as joint book-running managers of the proposed offering, and FBR, JMP Securities and Keefe, Bruyette & Woods are acting as co-managers. The proposed offering of these securities will be made only by means of a prospectus. Copies of the preliminary prospectus relating to the offering may be obtained from: Deutsche Bank Securities Inc., Attn.: Prospectus Group, 60 Wall Street, New York, NY 10005-2836, Tel: (800) 503-4611, Email: prospectus.CPDG@db.com; Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Tel: (800) 831-9146 ; Wells Fargo Securities, LLC, Attention: Equity Syndicate Dept., 375 Park Avenue, New York, NY 10152, Tel: (800) 326-5897, Email: cmclientsupport@wellsfargo.com; BofA Merrill Lynch, Attention: Prospectus Department, 222 Broadway , New York, NY 10038, Email: dg.prospectus_requests@baml.com; or J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Attention: Prospectus Department, Tel: (866) 803-9204.

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on February 5, 2014. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Ladder

Ladder is a leading commercial real estate finance company that originates and invests in a diverse portfolio of commercial real estate and real estate-related assets, focusing on senior secured assets. Ladder’s investment activities include: (i) direct origination of mid-market commercial real estate first mortgage loans of $5 million to $100 million; (ii) investments in investment grade securities secured by first mortgage loans on commercial real estate; and (iii) investments in net leased and other commercial real estate. Founded in 2008, Ladder is run by a highly experienced management team with extensive expertise in all aspects of the commercial real estate industry, including origination, credit, underwriting, structuring, capital markets and asset management. Led by Brian Harris, the Company’s Chief Executive Officer, Ladder is headquartered in New York City and has branches in Boca Raton and Los Angeles.

Forward-Looking Statements

Certain statements in this release may constitute “forward-looking” statements, including with respect to the closing of Ladder Capital Corp’s initial public offering. These statements are based on management’s current opinions, expectations, beliefs, plans, objectives, assumptions or projections regarding future events or future results. These forward-looking statements are only predictions, not historical fact, and involve certain risks and uncertainties, as well as assumptions. Actual results, levels of activity, performance, achievements and events could differ materially from those stated, anticipated or implied by such forward-looking statements. While Ladder Capital Corp believes that its assumptions are reasonable, it is very difficult to predict the impact of known factors, and, of course, it is impossible to anticipate all factors that could affect actual results. There are a number of risks and uncertainties that could cause actual results to differ materially from forward-looking statements made herein. Such forward-looking statements are made only as of the date of this release. Ladder Capital Corp expressly disclaims any obligation or undertaking to release any updates or revisions to any forward-looking statements contained herein to reflect any change in its expectations with regard thereto or changes in events, conditions, or circumstances on which any such statement is based.

Contacts

Ladder Capital Corp Investor Relations
917-369-3207
investor.relations@laddercapital.com

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Contacts

Ladder Capital Corp Investor Relations
917-369-3207
investor.relations@laddercapital.com