Deal also has $7.67 million greenshoe; proceeds fund debt repayment
By Devika Patel
Knoxville, Tenn., July 27 - AmREIT, Inc. priced a $51.1 million public offering stock with a $7.67 million greenshoe in a prospectus supplement filed Friday with the Securities and Exchange Commission.
The company will sell 3.65 million class B common shares at $14.00 apiece.
Jefferies & Co., Inc., Robert W. Baird & Co. Inc., Wunderlich Securities, Inc., J.J.B. Hilliard, W.L. Lyons, LLC and PNC Capital Markets LLC are the underwriters.
Settlement is expected Aug. 1.
Proceeds will be used to repay debt and for general corporate and working capital purposes, including future acquisition, development and redevelopment activities.
AmREIT is a Houston-based real estate investment trust.
| Issuer: | AmREIT, Inc.
|
| Issue: | Class B common stock
|
| Amount: | $51.1 million
|
| Greenshoe: | $7,665,000
|
| Shares: | 3.65 million
|
| Price: | $14.00
|
| Warrants: | No
|
| Underwriters: | Jefferies & Co., Inc., Robert W. Baird & Co. Inc., Wunderlich Securities, Inc., J.J.B. Hilliard, W.L. Lyons, LLC and PNC Capital Markets LLC
|
| Pricing date: | July 27
|
| Settlement date: | Aug. 1
|
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