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Slideshow Preferred Stock Offerings

By Preferred Stock Channel Staff, updated Sat, December 4, 3:08 AM

Slide #190. Spirit Realty Capital, Inc. Preferred Stock Offering

Company: Spirit Realty Capital, Inc. (NYSE:SRC)
Date announced: 9/27/2017
Shares Offered: 6,000,000
Date of Pricing: 9/27/2017
Price Per Share: $25.00
Preferred Stock Offering Details: Spirit Realty Capital, Inc. (NYSE: SRC) ("Spirit" or the "Company") announced today that it has priced an underwritten public offering of 6,000,000 shares of 6.000% Series A Cumulative Redeemable Preferred Stock with a liquidation preference of $25.00 per share for net proceeds of $144.8 million after deducting the underwriting discount and the Company's estimated expenses. The Company has also granted the underwriters a 30-day option to purchase from the Company up to an additional 900,000 shares of 6.000% Series A Cumulative Redeemable Preferred Stock.

Spirit Realty Capital is a self-administered and self-managed real estate investment trust with in-house capabilities, including acquisition, credit research, asset management, portfolio management, real estate research, legal, finance and accounting functions. Co. primarily invests in single-tenant real estate assets throughout the U.S., which are subsequently leased on a long-term, triple-net basis to tenants with operations in retail, industrial, office and certain other industries. Co.'s operations are carried out through Spirit Realty, L.P.

Preferred: SRC.PRA


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Name: 
Spirit Realty Capital Inc (New)
Website: 
www.spiritrealty.com
Sector: 
REITs
Number of ETFs Holding SRC: 
62 (see which ones)
Total Market Value Held by ETFs: 
$1,113,439,753.12
Total Market Capitalization: 
$5,495,000,000
% of Market Cap. Held by ETFs: 
20.26%
 

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