Developers Diversified Realty Corp. (DDR) announced that it has priced an offering of 37.30 million of its common shares at a price of $8.16 per share. The offering is expected to close on February 12, 2010. The company said that it intends to use the net proceeds from the offering to repay debt with short-term maturities and reduce balances on the Company's revolving credit facilities.
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