trending Market Intelligence /marketintelligence/en/news-insights/trending/QhqmKZ9iLLHWUv51Hm8Usg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In this list

American Finance Trust prices preferred stock offering

Credit Analytics Case Study Poundworld Retail Ltd

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

The Market Intelligence Platform

Real Estate

Real Estate Solutions Overview


American Finance Trust prices preferred stock offering

American Finance Trust Inc. priced its underwritten public offering of 1.2 million shares of 7.50% series A cumulative redeemable perpetual preferred stock at a gross offering price of $25.00 apiece. Net proceeds from the offering are expected to total about $29.1 million.

The diversified real estate investment trust granted underwriters a 30-day option to buy up to 180,000 additional shares. Net proceeds will go toward general corporate purposes, including possible property acquisitions.

The transaction is slated to close on or around March 26.

BMO Capital Markets Corp. and Stifel Nicolaus & Co. Inc. are serving as joint book-running managers for the offering, with B. Riley FBR Inc. acting as the lead manager. Janney Montgomery Scott LLC, Ladenburg Thalmann & Co. Inc., William Blair & Co. LLC and Boenning & Scattergood Inc. are the co-managers.