Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Retail Properties Of America Announces Full Exercise Of Overallotment Option

RELATED NEWS
Trade RPAI now with 

Retail Properties of America, Inc. (RPAI: Quote) said Wednesday that it has completed its offering of 31.8 million shares of its Class A common stock at $8.00 per share.

The company also said that the underwriters for the offering exercised in full their option to purchase an additional 4.77 million shares of its Class A common stock priced at $8.00 per share to cover overallotments. The sale of the additional 4.77 million shares was also completed today.

The Company's Class A common stock is traded on the New York Stock Exchange under the symbol "RPAI."

J.P. Morgan, Citigroup, Deutsche Bank Securities and KeyBanc Capital Markets were the joint book-running managers for the offering. Wells Fargo Securities was lead manager and Scotiabank and PNC Capital Markets LLC were co-managers.

Click here to receive FREE breaking news email alerts for Retail Properties of America, Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Google and Microsoft are opposing a petition by hoteliers such as Marriott International the right to block personal Wi-Fi on their premises. Elon Musk, the CEO of electric car maker Tesla Motors Inc (TSLA), on Christmas announced an upcoming upgrade for Tesla Roadster that will improve its mile-range to about 400 miles. "Roadster upgrade will enable non-stop travel from LS to SF -- almost 400 mile range. Details tmrw. Merry Christmas!,"... United Parcel Service Inc. (UPS) said Friday that it expects consumers will ship more than 800,000 packages back to retailers and merchants on January 6, 2015, or the UPS National Returns Day. By the end of the first full week in January, the package delivery giant expects to transport 4 million return...
comments powered by Disqus