<< Read Full Article

Real Estate Group ProLogis Plans Public Offering

Stock quotes in this article: PLD  

DES MOINES, Iowa (AP) — ProLogis, a real estate investment trust, said Tuesday it intends to sell 115 million common shares in a public offering.

Denver-based ProLogis said it plans to use the proceeds from the sale to reduce debt and for general corporate purposes. The company currently has about 267.6 million shares outstanding.

Some of the joint bookrunners and their respective affiliates are lenders and agents under the company's line of credit and will receive a portion of the proceeds of the offering. The company plans to grant the underwriters a 30-day option to purchase up to 17.25 million additional shares to cover overallotments, if any. ...

<< Read Full Article

Recent Comments

Loading .....




Dow Jones S&P 500 NASDAQ 10-Year Note
10,337.05 1,095.94 2,183.73 34.23
Oil *
72.45
UP
51.08
UP
4.01
UP
10.74
UP
0.31
10 Yr
3.42%
SPDR Gold
110.84
+0.50%
+0.37%
+0.49%
+0.91%
Data delayed 20 minutes

Brokerage Partners

TheStreet Premium Services

All Services