NorthStar Offers 25M Shares
NorthStar Realty Finance Corp. (NYSE: NRF) (the "Company") announced today that it has commenced an underwritten public offering of 25,000,000 shares of common stock. The Company expects to grant the underwriters a 30-day option to purchase up to 3,750,000 additional shares of common stock.
Deutsche Bank Securities and UBS Investment Bank are acting as the joint book-running managers of the offering.
The Company intends to use the net proceeds of the offering to make investments relating to its business, to repurchase or pay its liabilities and for general corporate purposes.
A registration statement relating to the offered securities has been declared effective by the Securities and Exchange Commission ("SEC"). The offering is being made only by means of a prospectus supplement and accompanying base prospectus. Copies of the preliminary prospectus supplement and the related prospectus for the proposed offering may be obtained by contacting: Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall Street, New York, NY 10005-2836, by calling (800) 503-4611, or by emailing email@example.com or by contacting UBS Securities LLC, Attention: Prospectus Department, 299 Park Avenue, New York, NY 10171 or by calling (888) 827-7275.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.