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Altisource Residential Corp announces public offering of common stock


Monday, 13 Jan 2014 04:46pm EST 

Altisource Residential Corp:Intends to offer 10,000,000 shares of its common stock in an underwritten public offering.Intends to use the net proceeds from the offering to purchase non-performing and subperforming residential mortgage loans and for general corporate purposes.Expects to grant the underwriters a 30-day option to purchase up to an additional 1,500,000 shares of common stock in connection with the offering.Says intended offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed or as to the actual size or terms of the offering.Says Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., J.P. Morgan Securities LLC and Wells Fargo Securities, LLC are acting as joint book-running managers for the offering.Says JMP Securities LLC, Keefe, Bruyette & Woods, Inc. and Piper Jaffray & Co. are acting as co-managers. 

Company Quote

19.64
-0.29 -1.46%
21 Nov 2014