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Rexford Industrial Realty Inc announces common stock offering


Tuesday, 12 Aug 2014 04:01pm EDT 

Rexford Industrial Realty Inc:Commenced public offering of 15,000,000 shares of its common stock pursuant to an effective shelf registration statement previously filed with Securities and Exchange Commission.Company expects to grant underwriters 30-day option to purchase up to an additional 2,250,000 shares of common stock at the public offering price, less underwriting discount.Company intends to contribute net proceeds from this offering to its operating partnership, which will use net proceeds from offering to repay indebtedness, fund potential acquisition opportunities and for general corporate purposes.Says BofA Merrill Lynch, J.P. Morgan, Wells Fargo Securities, Citigroup and Jefferies are acting as joint book-runners of offering. 

Company Quote

16.39
0.3 +1.86%
12 Feb 2016