Resource Capital Announces Follow On Offering
Resource Capital Corp. (NYSE: RSO) announced today that it has commenced a public offering of 8,500,000 shares of its common stock. The Company intends to grant the underwriters a 30-day option to purchase up to an additional 1,275,000 shares of the Company's common stock to cover over-allotments, if any. Deutsche Bank Securities is the sole book-runner and JMP Securities is the lead manager for the offering. The Company intends to use the net proceeds from the offering for general corporate purposes.
The offering will be made pursuant to the Company's existing effective shelf registration statement, previously filed with the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.
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