CatchMark Timber Trust Inc. upsized its underwritten public offering of class A common stock and set the price at $12.60 per share.
The timber real estate investment trust is now offering 5.0 million shares with a 30-day overallotment option for underwriters to buy up to 750,000 additional shares, up from the previously planned offering of 4.5 million shares with an overallotment option for 675,000 additional shares.
The offering is expected to close March 16, subject to customary conditions.
Raymond James, Citigroup, Stifel and RBC Capital Markets are the joint book-running managers for the offering.
