Market Overview

Resource Capital Prices Common Stock Follow-On Offering of 8.5M Shares

Resource Capital (NYSE: RSO) announced today that it has successfully priced its public offering of 8,500,000 shares of common stock at a public offering price per share of $5.90. The Company has also granted the underwriters a 30-day option to purchase up to an additional 1,275,000 shares of its common stock on the same terms and conditions, solely 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.

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.

The offering will be made pursuant to the Company's existing effective shelf registration statement, previously filed with the Securities and Exchange Commission. The offering of these securities will be made only by means of a prospectus and related prospectus supplement. When available, copies of the prospectus and accompanying preliminary prospectus supplement relating to these securities may be obtained by contacting Deutsche Bank Securities Inc., Attn: Prospectus Group, 60 Wall Street, New York, NY 10005-2836; Email: prospectus.CPDG@db.com; Telephone: (800) 503-4611.

Posted-In: News Offerings

 

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