Campus Crest Communities Announces Exercise of Underwriters' Overallotment Option and Subsequent Closing of 8.0% Series
Campus Crest Communities, Inc. (NYSE: CCG) today announced it closed an underwritten public offering of 2,300,000 shares of its 8.0% Series A Cumulative Redeemable Preferred Stock, including 300,000 shares issued and sold pursuant to the exercise of the underwriters' overallotment option in full.
The shares of Series A Preferred Stock were issued at a public offering price of $25.00 per share, for net proceeds of approximately $55.4 million, after deducting the underwriting discount and other estimated offering costs.
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