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Rexford Industrial Realty Inc announces pricing of common stock offering

Thursday, 14 Aug 2014 08:00am EDT 

Rexford Industrial Realty Inc:Prices underwritten public offering of 15,000,000 shares of its common stock at public offering price of $13.50 per share, for net proceeds of about $193.4 mln after deducting the underwriting discount and estimated offering expenses.Company has granted underwriters a 30-day option to purchase up to an additional 2,250,000 shares of its common stock.Settlement of the offering is expected to occur on Aug. 19.Intends to contribute net proceeds to its operating partnership, which will use the net proceeds from the offering to repay indebtedness, fund potential acquisition opportunities and for general corporate purposes.BofA Merrill Lynch, J.P. Morgan, Wells Fargo Securities, Citigroup and Jefferies are acting as joint book-running managers of the offering and Piper Jaffray is acting as a co-manager. 

Company Quote

0.05 +0.31%
25 Nov 2015