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Booze bill raises ethics question in Kentucky's legislature

In the Kentucky Senate, Republican Ralph Alvarado — a medical doctor — is promoting a bill that would reduce the number of medical malpractice lawsuits. And Republican state Rep. Adam Koenig, a real estate agent, has a bill aimed at reducing paperwork ...

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SOURCE: Apollo Commercial Real Estate Finance, Inc. September 22, 2010 16:15 ET Apollo Commercial Real Estate Finance, IncAnnounces Closing of Common Stock Offering NEW YORK, NY--(Marketwire - September 22, 2010) -  Apollo Commercial Real Estate Finance, Inc(the "Company") (NYSE: ARI) announced today the completion of its public offering of 6,000,000 shares of common stock and issuance of an additional 900,000 shares of common stock pursuant to the underwriters' full exercise of their over-allotment option.  The total offering of 6,900,000 shares of common stock generated gross proceeds of approximately $110.4 million which will be used for general corporate purposes, including the repayment of debt and investment in target assets, with a focus on performing commercial first mortgage loans, commercial mortgage-backed securities, mezzanine financings and other real estate-related debt investments. J.PMorgan Securities LLC, Citigroup Global Markets Inc., Wells Fargo Securities, LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated acted as joint book-running managers for the offering. Barclays Capital Incacted as senior co-manager and Raymond James & Associates, Incand RBC Capital Markets acted as co-managers. This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of 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. Copies of the final prospectus relating to these securities may be obtained by contacting one of the following: J.PMorgan Securities LLC Citigroup Global Markets Inc. c/o Broadridge Financial Solutions Attn: Prospectus Department 1155 Long Island Avenue Brooklyn Army Terminal Edgewood, NY 11717 140 58th Street, 8th Floor Attention: Prospectus Department Brooklyn, NY 11220 or by calling 866-803-9204. or by calling (800) 831-9146.     Wells Fargo Securities, LLC BofA Merrill Lynch Attention: Equity Syndicate Department 4 World Financial Center 375 Park Avenue, New York, NY 10152-4077 New York, NY 10080 or by e-mailing or by calling (800) 326-5897. Attn: Prospectus Department or by e-mailing About Apollo Commercial Real Estate Finance, Inc Apollo Commercial Real Estate Finance, Inc(NYSE: ARI) is a commercial real estate finance company that originates, acquires, invests in and manages senior performing commercial real estate mortgage loans, commercial mortgage-backed securities, and other commercial real estate-related debt investments in the U.S. The Company is externally managed and advised by ACREFI Management, LLC, a Delaware limited liability company, an indirect subsidiary of Apollo Global Management, LLC.  Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are intended to be covered by the safe harbor provided by the sameForward-looking statements are subject to substantial risks and uncertainties, many of which are difficult to predict and are generally beyond our controlThese forward-looking statements include information about possible or assumed future results of our business, financial condition, liquidity, results of operations, plans and objectivesWhen we use the words "believe," "expect," "anticipate," "estimate," "plan," "continue," "intend," "should," "may" or similar expressions, we intend to identify forward-looking statementsThese forward-looking statements are subject to risks and uncertainties, including, among other things, those described under the headings "Summary," "Risk Factors," and "Forward-Looking Statements" in our registration statement on Form S-11 (Commission File No333-166478), as amended, and the documents incorporated in the registration statement, including in our Annual Report on Form 10-K for the fiscal year ended December 31, 2009, and our Quarterly Reports on Form 10-Q for the quarters ended March 31, 2010 and June 30, 2010. Except as required by law, we are not obligated to, and do not intend to, update or revise any forward-looking statements, whether as a result of new information, future events or otherwiseImportant factors, among others, that may affect our actual results include: market trends in our industry, interest rates, real estate values, the debt securities markets or the general economy or the demand for commercial real estate loans; our business and investment strategy; our projected operating results; actions and initiatives of the U.Sgovernment, including the TALF, and changes to U.Sgovernment policies and the execution and impact of these actions, initiatives and policies; the state of the U.Seconomy generally or in specific geographic regions; economic trends and economic recoveries; our ability to obtain and maintain financing arrangements, including securitizations; the amount of commercial mortgage loans requiring refinancing over the 2011 to 2015 period; the anticipated shortfall of debt financing from traditional lenders; the volume of short-term loan extensions; the demand for new capital to replace maturing loans; our expected leverage; general volatility of the securities markets in which we participate; changes in the value of our assets; interest rate mismatches between our target assets and any borrowings used to fund such assets; changes in interest rates and the market value of our target assets; changes in prepayment rates on our target assets; effects of hedging instruments on our target assets; rates of default or decreased recovery rates on our target assets; the degree to which our hedging strategies may or may not protect us from interest rate volatility; impact of and changes in governmental regulations, tax law and rates, accounting guidance and similar matters; our ability to maintain our qualification as a REIT for U.Sfederal income tax purposes; our ability to maintain our exemption from registration under the Investment Company Act of 1940; availability of opportunities to acquire commercial mortgage-related, real estate-related and other securities; availability of qualified personnel; estimates relating to our ability to make distributions to our stockholders in the future; and our understanding of our competition; and other factors not presently identified Print Friendly Share News Room   View Related News About this company Apollo Commercial Real Estate Finance, Inc. From this industry Real Estate and Construction From this sub-industry Commercial Real Estate See all RSS Newsfeeds     $(document).ready(function() { if ($("#handlers > li > a:contains('Webosphere')").length > 0) { $("#master-handlers > #expand > a").click(); } else { $("#handlers > li > a:contains('Gallery')").click(); $("#handlers > li > a:contains('Contact Information')").click(); $("#handlers > li > a:contains('Highlighted Links')").click(); } if ($(".newsroom-right-content").length > 0) { $("#newsroom").removeClass("newsroom-onecolumn").addClass("newsroom-twocolumn"); } }); function ctttracking(PrId, cVal, sVal, u) { u = escape(u).replace(/\//g, '%2F'); var dt = (new Date()).getTime(); var src = "" + "?release=" + PrId + "&c=" + cVal + "&s=" + sVal + "&url=" + u + "&dt=" + dt; var img = document.getElementById('clear_dot'); img.src = src; } function pageLoad() { addOnClick("ctl00_p_wpcpageplaceholder_re1_aTwitter2",72,74,""); addOnClick("ctl00_p_wpcpageplaceholder_re1_aTwitter", 72, 74, ""); addOnClick("ctl00_p_wpcpageplaceholder_re1_aFacebook", 72, 75, ""); addOnClick("ctl00_p_wpcpageplaceholder_re1_aFacebook2", 72, 75, ""); addOnClick("ctl00_p_wpcpageplaceholder_re1_aLinkedin", 72, 76, ""); addOnClick("ctl00_p_wpcpageplaceholder_re1_aLinkedin2", 72, 76, ""); addOnClick("ctl00_p_wpcpageplaceholder_re1_aGooglePlus", 72, 85, ""); addOnClick("ctl00_p_wpcpageplaceholder_re1_aGooglePlus2", 72, 85, ""); addOnClick("addthislink", 72, 111, ""); addOnClick("addthislink2", 72, 111, ""); addOnClick("aPinterest", 72, 133, ""); addOnClick("aPinterest2", 72, 133, ""); } function addOnClick(elementId, cVal, sVal,sURL) { var eleId = document.getElementById(elementId); var PrId = 0; if (document.getElementById('ctl00_p_wpcpageplaceholder_re1_ReleaseIDTracking')) { PrId = document.getElementById('ctl00_p_wpcpageplaceholder_re1_ReleaseIDTracking').value; } if (eleId) { if (eleId.addEventListener) { eleId.addEventListener("click", function() { ctttracking(PrId, cVal, sVal, sURL); }, false); } else { eleId.attachEvent("onclick", function() { ctttracking(PrId, cVal, sVal, sURL); }, false); } } } window.onload += pageLoad; About Marketwired   Marketwired News   Community Builders Privacy Site Map Accessibility Products   Marketwired Resonate   Marketwired Influencers   News Distribution   IR/PR Newsroom (Impress)   Media Database (Mediahub) Resources   Brochures   Case Studies   E-Books / Tip Sheets   Webinars / Videos Newsroom   All News   Headlines Only   Advanced Search   RSS Newsfeeds   Hot Off the Wire   Personal Beat   CASL Compliance Connect With Us Facebook Twitter YouTube LinkedIn Google+ MARKETWIRED IS NOW PART OF NASDAQ Copyri

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