ORLANDO, Fla., Jan. 6, 2014 /PRNewswire/ -- Parkway Properties, Inc. (NYSE: PKY) announced today that it has commenced an underwritten public offering of 10,500,000 shares of common stock. The Company intends to grant the underwriters a 30-day option to purchase up to an additional 1,575,000 shares of common stock. The Company intends to use the net proceeds of the offering to fund potential acquisition opportunities, to repay amounts outstanding from time to time under its senior unsecured revolving credit facility and/or for general corporate purposes.
BofA Merrill Lynch and Wells Fargo Securities are the joint lead-bookrunners for the offering, and J.P. Morgan and KeyBanc Capital Markets are the joint bookrunners for the offering.
The offering will be made under a registration statement filed with the Securities and Exchange Commission, which became automatically effective on January 6, 2014. This offering is being made pursuant to a preliminary prospectus supplement to the Company's prospectus, dated January 6, 2014, filed as part of the Company's effective shelf registration statement relating to these securities. A copy of the preliminary prospectus supplement and accompanying prospectus relating to these securities can be obtained by contacting the underwriters as follows: BofA Merrill Lynch, 222 Broadway, New York, NY 10038, Attn: Prospectus Department or email at firstname.lastname@example.org; or Wells Fargo Securities, Attention: Equity Syndicate Department, 375 Park Avenue, New York, New York 10152, or by calling (800) 326-5897 or e-mailing a request to email@example.com.This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, 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 registration or qualification under the securities laws of such state or other jurisdiction.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV