Item 8.01 Other Events.

On January 6, 2022, KKR Real Estate Finance Trust Inc. (the "Company") and KKR Real Estate Finance Manager LLC (the "Manager") entered into an underwriting agreement with Raymond James & Associates, Inc. ("RJ"), as representative of the underwriters, to issue and sell up to 5,060,000 shares of the Company's 6.50% Series A Cumulative Redeemable Preferred Stock ("Series A Preferred Stock") at a public offering price of $25.13 (inclusive of accrued dividends from and including December 15, 2021 to, but excluding, January 13, 2022). On January 11, 2022, the Company and the Manager entered into a separate underwriting agreement with RJ, as representative of the underwriters, to issue and sell 1,200,000 additional shares of Series A Preferred Stock at the same public offering price as above (such transactions, collectively, the "Offering"). The Offering is expected to close on January 13, 2022, subject to customary closing conditions. The Offering is a re-opening of the Company's previous issuance of Series A Preferred Stock. The additional shares of Series A Preferred Stock sold in the Offering will form a single series, and be fully fungible, with the other outstanding shares of Series A Preferred Stock. Each underwriting agreement contains certain customary representations, warranties and agreements by the Company and the Manager, conditions to closing, indemnification rights and obligations of the parties and termination provisions.

The Offering is being made pursuant to a registration statement on Form S-3 (Registration No. 333-261854) and a related prospectus, dated December 22, 2021, including the related prospectus supplements dated January 6, 2022 and January 11, 2022 and filed with the Securities and Exchange Commission. The underwriting agreements are attached hereto as Exhibit 1.1 and 1.2 and are incorporated herein by reference. The foregoing description of the terms of the underwriting agreements is qualified in its entirety by reference to such exhibits.

Item 9.01 Financial Statements and Exhibits.





(d) Exhibits:



 Exhibit
Number                                   Description
  1.1      Underwriting Agreement, dated as of January 6, 2022, among the Company,
           the Manager and Raymond James & Associates, Inc.
  1.2      Underwriting Agreement, dated as of January 11, 2022, among the Company,
           the Manager and Raymond James & Associates, Inc.
   104     Cover Page Interactive Data File, formatted in Inline XBRL

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