The Denver-based EIT said early Tuesday it priced a secondary offering of 19 million common shares at $5.35 per share. It also granted underwriters an overallotment option for up to 2.85 million additional shares.
DCT intends to use the capital to repay amounts outstanding under its senior unsecured revolving credit facility and the remaining net proceeds for general corporate purposes, including for future acquisitions.
Earlier this week DCT maintained its
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