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First Industrial Realty Trust, Inc. Announces Pricing Of Common Stock Offering

Stocks in this article: FR





CHICAGO, March 5, 2013 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR) ("First Industrial" or the "Company") today announced the pricing of its underwritten public offering of 8,400,000 shares of its common stock. 

(Logo: http://photos.prnewswire.com/prnh/20040106/FRLOGO)

First Industrial will receive approximately $134 million of gross proceeds, before deducting underwriting discounts and commissions and estimated offering expenses.  The Company intends 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.  Completion of the offering is subject to customary closing conditions.

BofA Merrill Lynch and UBS Investment Bank are acting as the book-running managers for the common stock offering and propose to offer the shares at prevailing market prices or otherwise from time to time through the NYSE, the over-the-counter market, negotiated transactions or otherwise.  

The shares of common stock are being offered under the Company's shelf registration statement, including a prospectus filed by First Industrial with the Securities and Exchange Commission on March 1, 2012.  The offering will be made only by means of a prospectus supplement and accompanying base prospectus.  Copies of the prospectus supplement, when available, and the accompanying prospectus relating to these securities may be obtained without charge from BofA Merrill Lynch, 222 Broadway, New York, NY 10038 Attn: Prospectus Department, or by email at dg.prospectus_requests@baml.com, or from UBS Securities LLC, by mail at Attention: Prospectus Department, 299 Park Avenue, New York, New York 10171, or by telephone at 1-888-827-7275 .   A copy of the prospectus supplement and accompanying base prospectus may also be obtained without charge by visiting the SEC website at www.sec.gov.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any security, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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