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Colony Financial Inc Announces Public Offering of Common Stock


Monday, 28 Oct 2013 04:18pm EDT 

Colony Financial Inc announced it plans to commence a public offering of 10,000,000 shares of common stock. The Company also plans to grant to the underwriters an option to purchase up to an additional 1,500,000 shares. The Company expects to use a portion of the net proceeds from this offering to repay amounts outstanding under its revolving credit facility, and to use the remainder of the net proceeds from this offering to acquire its target assets in a manner consistent with its investment strategies and investment guidelines, and for working capital and general corporate purposes. J.P. Morgan and Barclays will act as joint book-running managers for this offering. The underwriters may offer the shares at prevailing market prices or otherwise from time to time through the New York Stock Exchange, in the over-the-counter market, through negotiated transactions or otherwise. 

Company Quote

22.91
-0.06 -0.26%
10:50am EDT