Preferred Stock OfferingsBy Preferred Stock Channel Staff, updated Sun, June 26, 1:22 AM
|This Slide: #199 of 582|
Slide #199. Spirit Realty Capital, Inc. — Preferred Stock Offering
Spirit Realty Capital, Inc. (NYSE:SRC)
Date of Pricing:
Price Per Share:
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, operationally essential 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 and certain other industries. Co.'s operations are carried out through its operating partnership, Spirit Realty, L.P.
Open the SRC Page at Preferred Stock Channel »
Free SRC Email Alerts:
Get Dividend Alerts
Get SEC Filing Alerts
Buy (3.25 out of 4)
(ranked lower than approx. 64% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com