Jan. 10, 2014
/PRNewswire/ -- Parkway Properties, Inc. (NYSE: PKY) announced today the completion of its previously announced underwritten public offering of 10,500,000 shares of its common stock at the public offering price of
per share. The net proceeds from the offering, after deducting the underwriting discount and offering expenses payable by the Company, were approximately
. The underwriters for the public offering have been granted a 30-day option from
January 7, 2014
to purchase up to an additional 1,575,000 shares of common stock at the public offering price, less the underwriting discount.
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 senior co-managers for the offering are PNC Capital Markets LLC,
and RBC Capital Markets, and the co-managers for the offering are Baird,
and Sandler O'Neill + Partners, L.P.
A copy of the final 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
; 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
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.