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First Industrial prices 5.6 million-share common share offering

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First Industrial prices 5.6 million-share common share offering

First IndustrialRealty Trust Inc. priced its public offering of 5.6 million common shares.

The company said March 30 that it expects the offering to generategross proceeds of roughly $126 million, before deducting estimated offering expensesand underwriting discounts and commissions.

The offering's closing is subject to customary closing conditions.

First Industrial plans to use the proceeds to support generalcorporate functions, potentially including property development and/or acquisitions,as well as debt repayments.

BofA Merrill Lynch and Wells Fargo Securities are serving asthe offering's book-running managers.