Forward Sale Agreements
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Getty Realty Corp. Announces Pricing of Public Offering of 4,000,000 Shares of Common Stock
Globenewswire· 2026-02-18 03:37
Core Viewpoint - Getty Realty Corp. has announced a public offering of 4,000,000 shares of its common stock, aiming for gross proceeds of approximately $131 million, with a closing date expected on February 19, 2026 [1] Group 1: Offering Details - The offering includes a 30-day option for underwriters to purchase an additional 600,000 shares [1] - J.P. Morgan and Wells Fargo Securities are acting as book-running managers for the offering [2] - The company will enter into forward sale agreements with J.P. Morgan and Wells Fargo, allowing for the borrowing and selling of shares to underwriters [3] Group 2: Financial Implications - The company will not initially receive proceeds from the forward purchasers' sale of shares [4] - Net proceeds from the offering will be used for property acquisitions, debt repayment, working capital, and other corporate purposes [4] Group 3: Company Overview - Getty Realty Corp. is a net lease REIT focused on convenience and automotive retail real estate, with a portfolio of 1,174 properties across 44 states and Washington, D.C. as of December 31, 2025 [11]
W. P. Carey Announces Public Offering of Common Stock
Prnewswire· 2026-02-17 21:05
Core Viewpoint - W. P. Carey Inc. has announced a public offering of 6,000,000 shares of common stock, with an option for underwriters to purchase an additional 900,000 shares, aimed at funding future investments, repaying debt, and general corporate purposes [1]. Group 1: Offering Details - The offering consists of 6,000,000 shares of common stock, with a potential total of 6,900,000 shares if the underwriters' option is fully exercised [1]. - BofA Securities and J.P. Morgan are acting as joint book-running managers for the offering [1]. - The company plans to enter into forward sale agreements with Bank of America and JPMorgan Chase Bank, where the forward purchasers will borrow shares to sell to the underwriters [1]. Group 2: Use of Proceeds - The net proceeds from the offering will be used for potential future investments, repayment of certain indebtedness, and general corporate purposes [1]. - The company expects to physically settle the forward sale agreements within approximately 24 months from the date of the prospectus supplement [1]. Group 3: Company Overview - W. P. Carey Inc. is an internally-managed, diversified REIT, primarily owning commercial real estate leased to companies in the U.S. and Europe [1]. - The majority of the company's revenue comes from lease revenue generated by its real estate portfolio, which includes single-tenant industrial, warehouse, and retail facilities [1].
Curbline Properties Announces Pricing of Common Stock Offering
Businesswire· 2026-02-11 01:41
Core Viewpoint - Curbline Properties Corp. announced the pricing of an underwritten public offering of 8,000,000 shares of common stock, expecting gross proceeds of approximately $204 million, with the offering set to close on February 12, 2026 [1] Offering Details - The offering consists of 8,000,000 shares of common stock, with an additional 30-day option for underwriters to purchase up to 1,200,000 more shares [1] - The company has entered into forward sale agreements with Morgan Stanley and BofA Securities regarding the shares being offered [1] - If the underwriters' option is fully exercised, the total shares offered could increase to 9,200,000 [1] Financial Use of Proceeds - The net proceeds from the offering will be used for general corporate purposes, including property acquisitions, working capital, capital expenditures, and repaying outstanding debt [1] Company Overview - Curbline Properties is a self-managed real estate investment trust (REIT) that owns and manages convenience shopping centers located in high-income suburban areas [1]
Ameren Announces Public Offering of Common Stock with a Forward Component
Prnewswire· 2025-05-12 20:09
Core Viewpoint - Ameren Corporation is offering $520 million of its common stock in an underwritten offering, with Goldman Sachs, J.P. Morgan, Barclays, and Wells Fargo acting as joint book-running managers [1][3]. Group 1: Offering Details - The offering consists of $520 million in shares, which are expected to be borrowed by forward counterparties from third parties and sold to underwriters [1][2]. - Ameren will issue shares to underwriters if the forward counterparties do not borrow and sell the required number of shares [2]. - The initial forward sale price per share will be equal to the price at which underwriters purchase the shares, with a potential additional $78 million option for underwriters to purchase more shares [3]. Group 2: Settlement and Use of Proceeds - Settlement of the forward sale agreements will occur on specified dates before January 15, 2027, with options for cash or net share settlement [4]. - Proceeds from the settlement will be used for general corporate purposes, including repayment of short-term debt [4]. Group 3: Company Overview - Ameren Corporation serves 2.5 million electric customers and over 900,000 natural gas customers across a 64,000-square-mile area through its subsidiaries [6].