NorthStar Realty Finance Corp. ("NorthStar Realty") announced that it has entered into a $500 million revolving corporate credit facility with a three year term (the "Revolving Credit Facility").  Advances under the Revolving Credit Facility accrue interest at a per annum rate of LIBOR + 3.50%.

David T. Hamamoto, chairman and chief executive officer, commented, "We are extremely pleased to have entered into a $500 million revolving corporate credit facility, which will afford us substantially greater financial flexibility than we have had in the past.  Access to this additional capital source is a testament to the strength and growth of NorthStar Realty." 

Deutsche Bank Securities Inc., acted as the Sole Lead Arranger and Sole Bookrunner on the credit facility