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Colony Financial, Inc. Plans to Commence Public Offering of Convertible Senior Notes

January 31, 2014

Colony Financial, Inc. announced its plans to commence a public offering of $200,000,000 aggregate principal amount of Convertible Senior Notes due 2021. According to a release, the Company also plans to grant to the underwriters a 30-day option to purchase up to an additional $30 million aggregate principal amount of the Notes to cover over- allotments, if any. The interest rate, conversion rate and other terms of the Notes will be determined at the time of pricing of the offering. The Company reported that it intends to use the net proceeds from the offering to repay amounts outstanding under its secured revolving credit facility, and to use any remainder of the net proceeds from this offering to acquire its target assets in a manner consistent with its investment strategies and investment guidelines and for working capital and general corporate purposes. Further, Morgan Stanley , BofA Merrill Lynch, Credit Suisse and Deutsche Bank Securities will act as the joint book-running managers for this offering. Colony Financial, Inc. is a real estate investment and finance company that is focused on acquiring, originating and managing a diversified portfolio of real estate-related debt and equity investments at attractive risk-adjusted returns. ((Comments on this story may be sent to ))

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