Market Overview

Agree Realty Reports Exercise of Underwriters' Option to Shares: Total Offering ~2.588M Shares for Gross Proceeds ~$76.8M

Share:
Related ADC
Benzinga's Top Upgrades, Downgrades For January 26, 2017
Mall Stocks Vs. Mall REITs: What's The Safer Bet?

Agree Realty Corporation
(NYSE: ADC) (the "Company") today announced that the underwriters have fully
exercised their option to purchase additional shares in connection with the
Company's previously announced common stock offering that priced on December
4, 2014. In total, the Company sold 2,587,500 shares, raising gross proceeds
of approximately $76.8 million. Subject to customary conditions, the offering
is expected to close on December 9, 2014

Raymond James and Citigroup are joint book-running managers, Jefferies and RBC
Capital Markets are lead managers, and Ladenburg Thalmann and SunTrust
Robinson Humphrey are co-managers for the offering.

Posted-In: News Offerings Press Releases

 

Related Articles (ADC)

View Comments and Join the Discussion!