press release
Oct. 31, 2011, 8:00 a.m. EDT
NorthStar Realty Finance Announces $100 Million Credit Facility
NEW YORK, Oct. 31, 2011 /PRNewswire via COMTEX/ -- NorthStar Realty Finance Corp. /quotes/zigman/359497/quotes/nls/nrf NRF +2.06% announced today that it has entered into a new $100 million credit facility with Wells Fargo Bank, N.A. The new credit facility will be used to acquire AAA-rated CMBS investments and has an initial term of two years with a one year extension option at NorthStar's election.
David Hamamoto, chairman and chief executive officer, commented, "Obtaining this new credit facility emphasizes the strength of NorthStar's existing CMBS platform and our capital markets relationships. We are also close to finalizing an additional credit facility for loan originations, allowing us to reignite our core businesses and earn attractive risk adjusted returns for our shareholders."
About NorthStar Realty Finance Corp.
NorthStar Realty Finance Corp. is a finance REIT that originates, acquires and manages portfolios of commercial real estate debt, commercial real estate securities and net lease properties. In addition, NorthStar engages in asset management and other activities related to real estate and real estate finance. For more information about NorthStar Realty Finance Corp., please visit www.nrfc.com .
Safe Harbor Statement
Certain items in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and beliefs and are subject to a number of trends and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. NorthStar can give no assurance that its expectations, which are speculative in nature, will be attained, that it will be able to close an additional credit facility in the near term, or at all, or that it will be able to exercise its option to extend the credit facility. Factors that could cause actual results to differ materially from those in the forward-looking statements are specified in the Company's Annual Report on Form 10-K, as amended, for the year ended December 31, 2010. Such forward-looking statements speak only as of the date of this press release. NorthStar expressly disclaims any obligation to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in its expectations with regard thereto or change in events, conditions or circumstances on which any statement is based.
SOURCE NorthStar Realty Finance Corp.
Copyright (C) 2011 PR Newswire. All rights reserved
/quotes/zigman/359497/quotes/nls/nrf 
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