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American Capital Agency Corp Announces Pricing Of Public Offering Of Common Stock


Thursday, 28 Feb 2013 09:16am EST 

American Capital Agency Corp announced that it priced a public offering of 50,000,000 shares of common stock for total expected gross proceeds of approximately $1.58 billion before expenses. In connection with the offering, the Company has granted the underwriters an option for 30 days to purchase up to an additional 7,500,000 shares of common stock. The offering is expected to close on March 5, 2013. AGNC expects to use the net proceeds from this offering to acquire additional agency securities as market conditions warrant and for general corporate purposes. BofA Merrill Lynch, Citigroup, Credit Suisse Securities (USA) LLC, Goldman, Sachs & Co., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC are joint book-running managers for the offering. Mitsubishi UFJ Securities and Nomura are co-lead managers for the offering. 

Company Quote

22.67
0.06 +0.27%
11:32am EDT