DCT Industrial Trust Inc.® (NYSE: DCT), a leading industrial real estate company, announced today that it closed its previously announced public offering of common stock. The Company sold a total of 23,000,000 shares of common stock in the offering, which included the full exercise of the underwriters’ option to purchase additional shares. The net proceeds to the Company from the offering, after underwriting discounts and commissions and estimated offering expenses, are approximately $158.2 million. The Company intends to use the net proceeds received from this offering for future acquisitions, development activities, repayment of amounts outstanding under its senior unsecured revolving credit facility, general corporate purposes, or a combination of the foregoing.
BofA Merrill Lynch, J.P. Morgan, Citigroup and Jefferies acted as the joint book-running managers for the offering.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities nor will 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 registration or qualification under the securities laws of any such state or other jurisdiction.
Copies of the prospectus supplement and accompanying prospectus relating to these securities, when available, may be obtained from:
BofA Merrill Lynch, Attention: Prospectus Department, 222 Broadway, New York, New York 10038 or by email at
J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, telephone 1-866-803-9204.
About DCT Industrial Trust®
DCT Industrial Trust Inc. is a leading industrial real estate company specializing in the acquisition, development, leasing and management of bulk distribution and light industrial properties in high-volume distribution markets in the U.S. and Mexico. As of June 30, 2013, the Company owned interests in approximately 74.9 million square feet of properties leased to approximately 870 customers, including 12.3 million square feet operated on behalf of four institutional capital management partners.