Preferred Stock OfferingsBy Preferred Stock Channel Staff, updated Thu, December 2, 11:14 AM
|This Slide: #482 of 573|
Slide #482. NorthStar Realty Finance Corp. — Preferred Stock Offering
NorthStar Realty Finance Corp. (NRF)
Series D Preferred Stock (NRF.PRD)
Date of Pricing:
Price Per Share:
Preferred Stock Offering Details:
NorthStar Realty Finance Corp. announced that it has commenced an underwritten public offering of its new Series D Preferred Stock. The Company expects to grant the underwriters a 30-day option to purchase additional shares of its Series D Preferred Stock solely to cover over-allotments, if any.--updated 4/4 - NorthStar Realty Finance Corp. (NYSE: NRF) (the "Company") announced today that it priced an underwritten public offering of $175 million of its 8.50% Series D Preferred Stock with a liquidation preference of $25 per share. The Company has granted the underwriters a 30-day option to purchase up to an additional $26.25 million of its Series D Preferred Stock solely to cover over-allotments, if any. The offering is expected to close on April 10, 2013.
NorthStar Realty Finance is a commercial real estate company. Co. is externally managed and advised by an affiliate of NorthStar Asset Management Group Inc. Co.'s primary business lines are: real estate, which focuses on various types of investments in commercial real estate that includes healthcare, hotel, manufactured housing communities, net lease, multifamily and multi-tenant office properties; Commercial Real Estate Debt, which focuses on senior and subordinate debt investments; and Commercial Real Estate Securities, which is comprised of its collateralized debt obligations (N-Star CDO) bonds and N-Star CDO equity of deconsolidated N-Star CDOs and includes other securities.
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