Agree Realty (ADC) said Wednesday it priced a public offering of 4.5 million common shares at $75.70 per share in connection with its forward sale agreement with Bank of America as the forward purchaser.
Under the forward sale agreement, the forward purchaser or its affiliates are expected to borrow and sell to the underwriter the 4.5 million shares that will be issued through the public offering.
The company said it also granted the underwriter a 30-day option to purchase up to 675,000 additional common shares.
Agree Realty expects to close the offering around Friday and said it will not initially receive any proceeds from the sale by the forward purchaser.
Proceeds from the future settlement of the forward sale deal will be used for general corporate purposes, the company added.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。