By Sheri Kasprzak
New York, Jan. 24 - Mapeley Ltd. has priced its previously announced £100 million private placement.
The offering includes 3,669,725 shares at £27.25 each.
The shares represent 14% of the company's enlarged share capital.
Deutsche Bank AG, the bookrunner for the deal, and Lehman Brothers International (Europe) and Merrill Lynch International, the placement agents, have a greenshoe for up to 10% of the offering size.
Proceeds will be used to partially refinance a £300 million revolving acquisition facility. The refinanced facility will allow the company to make additional acquisitions of office properties in the United Kingdom.
London-based Mapeley is a real estate investment and outsourcing company.
Issuer: | Mapeley Ltd.
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Issue: | Stock
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Amount: | £100 million
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Greenshoe: | For up to 10% of offering size
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Shares: | 3,669,725
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Price: | £27.25
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Warrants: | No
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Placement agents: | Deutsche Bank AG (lead), Lehman Brothers International (Europe), Merrill Lynch International
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Pricing date: | Jan. 24
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Stock symbol: | London: MAY
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Stock price: | £27.39 at close Jan. 23
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