trending Market Intelligence /marketintelligence/en/news-insights/trending/4pRjk-y3H9DP0lgMQGyfcA2 content esgSubNav
In This List

MedEquities completes IPO

Blog

Gauging Supply Chain Risk In Volatile Times

Blog

The Future of Risk Management Digitization in Credit Risk Management

Blog

Climate Credit Analytics: Diving into the model

Video

How to use ESG Heat Maps in Credit Risk Analysis


MedEquities completes IPO

MedEquitiesRealty Trust Inc. wrapped up its IPO of 19,925,333 common shares, including 19.0 million sharessold by the company and 925,333 shares by the selling stockholders.

The offering, priced at $12.00 per share, carries a 30-dayoverallotment option for the underwriters to buy 2,988,800 additional shares.

The common shares are traded on the NYSE under the MRTticker symbol.

MedEquities said earlier that it will use the net proceedsto redeem its outstanding preferred stock, to repay amounts under its securedcredit facility and for general corporate purposes.

FBR, J.P. Morgan, Citigroup, KeyBanc Capital Markets,Raymond James and RBC Capital Markets were the joint book-running managers,while JMP Securities, Fifth Third Securities and Capital One Securities werethe co-managers.