First Potomac Realty Trust (FPO) said Monday that it had commenced an underwritten public offering of 6 million common shares of beneficial interest. The company plans to grant the underwriters a 30-day option to purchase up to an additional 900,000 common shares at the public offering price, less the underwriting discount.
The company said it plans to use the net proceeds of the offering to repay outstanding indebtedness consistent with its strategic and capital plan, including the amounts outstanding under its secured term loans and a portion of the amounts outstanding under its unsecured revolving credit facility, and for general corporate purposes.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.