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RAIT Financial Trust Prices And Upsizes Public Offering Of Common Stock


Thursday, 28 Mar 2013 08:24am EDT 

RAIT Financial Trust announced the pricing and upsizing of underwritten public offering of 8,000,000 common shares at a public offering price of $7.87 per share. The offering was increased by 1,000,000 shares from the originally announced offering of 7,000,000 shares. The Company has granted the underwriters a 30-day option to purchase up to 1,200,000 additional common shares. The offering is expected to close on April 3, 2013. Deutsche Bank Securities and Barclays are acting as the joint book-running managers of the offering. The Company intends to use the net proceeds of the offering to make investments relating to business and for general corporate purposes. 

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