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Equity One, Inc. (NYSE:EQY), an owner, developer, and operator of shopping centers, announced today the full exercise of the underwriter’s option to purchase an additional 465,000 shares of common stock and 150,000 shares of common stock, respectively, from the Company and AH Investments US, LP, a stockholder of the Company, at the public offering price of $21.20 per share, less the underwriting discount. The option was exercised in connection with the public offering of 4.1 million shares of common stock of the Company, of which the Company offered 3.1 million shares and AH Investments US, LP offered 1.0 million shares. The Company will not receive any of the proceeds from the sale of additional shares of common stock by the selling stockholder.
The offering was made pursuant to the Company’s effective shelf registration statement and closed on August 14, 2012. The Company intends to use its net proceeds to reduce the outstanding balance under its unsecured revolving credit facility and for other corporate purposes, including pending and future acquisitions and to fund development and redevelopment activities.
Barclays is acting as the sole underwriter of the offering.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction. The offering may be made only by means of a prospectus and related prospectus supplement. A final prospectus supplement and accompanying base prospectus related to the offering have been filed with the Securities and Exchange Commission. A copy of the prospectus supplement and prospectus relating to the offering may be obtained from Barclays, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, by calling toll free at (888) 603-5847, or by emailing
ABOUT EQUITY ONE, INC.
As of June 30, 2012, Equity One’s consolidated property portfolio comprised 165 properties consisting of approximately 16.8 million square feet of gross leasable area, including 142 shopping centers, 11 development or redevelopment properties, five non-retail properties and seven land parcels.