Spirit Finance Prices Offer

The REIT is selling 12 million shares.
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Spirit Finance (SFC) priced a 12 million-share offering at $11.76 a share.

The Scottsdale, Ariz., real estate investment trust granted the underwriters of the offering a 30-day option to purchase up to an additional 1.8 million shares to cover overallotments. Citigroup and Banc of America Securities LLC are the joint book-running managers for the offering and UBS Investment Bank is the joint lead manager. A.G. Edwards, Robert W. Baird & Co. and Raymond James are co-managers for the offering.