Market Overview

UPDATE: Agree Realty Announces 2.1M Common Stock Offering

Share:
Related ADC
Mall Stocks Vs. Mall REITs: What's The Safer Bet?
Agree Realty Gets The Nod Of Approval From Janney
Agree Realty Corporation declares $0.495 dividend (Seeking Alpha)

Agree Realty Corporation (NYSE: ADC) today announced that it has commenced an underwritten public offering of 2,100,000 newly issued shares of common stock. In connection with the offering, the Company will grant the underwriters a 30-day option to purchase up to an additional 315,000 shares of common stock.

The Company intends to use the net proceeds of the offering to reduce amounts outstanding under its revolving credit facility, to fund property acquisitions and development activity, and for general corporate purposes. Raymond James and Citigroup are acting as joint book-running managers for the offering.

Posted-In: News Offerings Press Releases

 

Related Articles (ADC)

View Comments and Join the Discussion!