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CatchMark prices common stock offering

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CatchMark prices common stock offering

CatchMark Timber Trust Inc. priced its underwritten public offering of 4 million of its class A common shares at $12.35 per share.

The underwriters have a 30-day overallotment option to purchase up to 600,000 additional shares. Gross proceeds, including the overallotment option, should come to roughly $56.8 million.

The offering is expected to close Oct. 17.

Raymond James, Stifel and RBC Capital Markets are serving as joint book-running managers, and FBR Capital Markets & Co. is serving as the lead manager.