trending Market Intelligence /marketintelligence/en/news-insights/trending/ymemTsMfExC79EkFjQ1CIA2 content esgSubNav
In This List

VEREIT launches common stock offering

Blog

Using ESG Analysis to Support a Sustainable Future

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Q&A: Streamlining Analytics for TCFD Reporting

Blog

Evergrande and the wider impact: a sentiment analytics based perspective


VEREIT launches common stock offering

VEREIT Inc. is selling 71.0 million shares of its common stock in a public offering.

Based on the single-tenant real estate investment trust's Sept. 23 closing stock price of $9.73 per share and assuming the full exercise of the underwriters' option to buy up to 10,650,000 additional shares, gross offering proceeds are expected to total about $794.5 million.

The REIT aims to use the net proceeds to pay amounts owed in connection with the settlement of certain litigation and for general corporate purposes.

Citigroup, Barclays and Morgan Stanley are the underwriters.