Spirit Realty Capital Announces Full Exercise of over-Allotment Option Relating to Initial Public Offering ; Sold 33.35M Shares
Spirit Realty Capital (NYSE: SRC), a self-administered and self-managed real estate company, today announced that the underwriters of its initial public offering have exercised in full their option to purchase an additional 4,350,000 shares of Spirit Realty Capital common stock at the initial public offering price of $15.00 per share, less underwriting discounts and commissions, to cover over-allotments. With this exercise, Spirit Realty Capital sold a total of 33,350,000 shares of common stock in its initial public offering.
Morgan Stanley, Macquarie Capital, UBS Investment Bank, Deutsche Bank Securities and RBC Capital Markets acted as joint book-running managers of the offering and Raymond James, Sandler O'Neill + Partners, L.P. and Stifel Nicolaus Weisel acted as co-managers.
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