First Industrial Realty Trust, Inc. (FR) said Tuesday that it has priced its underwritten public offering of 8.4 million shares of its common stock.
First Industrial will receive about $134 million of gross proceeds, before deducting underwriting discounts and commissions and estimated offering expenses.
The company plans to use the proceeds for general corporate purposes, which may include repayments or repurchases of debt, preferred stock redemptions, and acquisition and/or development of properties.
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