FONT-SIZE Plus   Neg

Glimcher Realty Trust Prices 20 Mln Shares At $9.90/shr - Quick Facts

Glimcher Realty Trust (GRT) announced the pricing of 20 million common shares at a price of $9.90 per share pursuant to its effective shelf registration statement previously filed with the Securities and Exchange Commission.

The company said it has granted the underwriters a 30-day option to purchase up to an additional 3 million common shares.

Glimcher Realty Trust plans to use the net proceeds from the offering to fund the acquisition of the 80% indirect ownership interest in Pearlridge Center in Honolulu, Hawaii held by affiliates of Blackstone Real Estate Partners VI or for other general corporate purposes, which may include the payment of a portion of the balance outstanding on our credit facility.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Microsoft's (MSFT) office assistant Cortana for iOS beta has arrived, but only 2000 people will be able to test the virtual assistant. Apple confirmed that it has bought face animation software firm Faceshift, although it was tight lipped about how it intends to use the new addition. The move is speculated as a bid to expand into virtual reality. Environment ministry of South Korea Thursday ordered Volkswagen Korea to recall 125,522 diesel vehicles on determining actual emissions of nitrogen oxides. The ministry has asked the German automobile maker to pay a fine of 14.1 billion Won or $12.31 million. The company has to submit a recall plan by January 6, 2016.
comments powered by Disqus
Follow RTT