First Industrial Realty Trust Announces 8.4M Share Common Stock Offering

Loading...
Loading...
First Industrial Realty Trust
FR
announced today that it has commenced an underwritten public offering of 8,400,000 shares of its common stock. The Company intends to use the proceeds for general corporate purposes, which may include repayments or repurchases of debt, preferred stock redemptions, and acquisition and/or development of properties. Completion of the offering is subject to customary closing conditions. BofA Merrill Lynch and UBS Investment Bank are acting as the book-running managers for the common stock offering and propose to offer the shares at prevailing market prices or otherwise from time to time through the NYSE, the over-the-counter market, negotiated transactions or otherwise. The shares of common stock are being offered under the Company's shelf registration statement, including a prospectus filed by First Industrial with the Securities and Exchange Commission on March 1, 2012. The offering will be made only by means of a prospectus supplement and accompanying base prospectus. Copies of the prospectus supplement, when available, and the accompanying prospectus relating to these securities may be obtained without charge from BofA Merrill Lynch, 222 Broadway, New York, NY 10038 Attn: Prospectus Department, or by email at dg.prospectus_requests@baml.com, or from UBS Securities LLC, by mail at Attention: Prospectus Department, 299 Park Avenue, New York, New York 10171, or by telephone at 1-888-827-7275. A copy of the prospectus supplement and accompanying base prospectus may also be obtained without charge by visiting the SEC website at www.sec.gov. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any security, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About First Industrial Realty Trust, Inc. First Industrial Realty Trust, Inc.
FR
is a leading owner and operator of industrial real estate and provider of supply chain solutions to multinational corporations and regional customers. Across major markets in North America, our local market experts manage, lease, buy, (re)develop, and sell bulk and regional distribution centers, light industrial, and other industrial facility types. We have a track record of industry leading customer service, and in total, we own, manage and have under development approximately 67.5 million square feet of industrial space as of December 31, 2012. For more information, please visit us at www.firstindustrial.com. We post or otherwise make available on this website from time to time information that may be of interest to investors.
Loading...
Loading...
Market News and Data brought to you by Benzinga APIs
Posted In: NewsOfferings
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...