FORWARD LOOKING STATEMENTSCertain matters discussed by Equity One in this press release constitute forward-looking statements within the meaning of the federal securities laws. Forward-looking statements in this press release include, among others, statements about the terms and size of the offering and the private placement transaction and the use of proceeds from the offering. Although Equity One believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that these expectations will be achieved. Factors that could cause actual results to differ materially from current expectations include volatility of the capital markets; changes in macro-economic conditions and the demand for retail space in the states in which Equity One owns properties; the continuing financial success of Equity One’s current and prospective tenants; the risks that Equity One may not be able to proceed with or obtain necessary approvals for development or redevelopment projects or that it may take more time to complete such projects or incur costs greater than anticipated; the availability of properties for acquisition; the extent to which continuing supply constraints occur in geographic markets where Equity One owns properties; the success of its efforts to lease up vacant space; the effects of natural and other disasters; the ability of Equity One to successfully integrate the operations and systems of acquired companies and properties; changes in Equity One’s credit ratings; and other risks, which are described in Equity One’s filings with the Securities and Exchange Commission.
Equity One, Inc. (NYSE:EQY), an owner, developer, and operator of shopping centers, announced today that it will issue and sell 3.1 million shares of its common stock in a public offering. An additional 1.0 million shares of its outstanding common stock will be sold in the offering by AH Investments US, LP, a stockholder of the Company. The Company and the selling stockholder will grant the underwriter a 30-day option to purchase up to an additional 465,000 shares of common stock and 150,000 shares of common stock, respectively. The Company intends to use its net proceeds to reduce the outstanding balance under its unsecured revolving credit facility and for other corporate purposes, including pending and future acquisitions and to fund development and redevelopment activities. The Company will not receive any of the proceeds from the sale of shares of common stock by the selling stockholder. Barclays is acting as the sole underwriter of the offering. In addition, MGN (USA), Inc., an entity affiliated with Equity One’s largest stockholder, Gazit-Globe, Ltd., has agreed to purchase directly from the Company an additional 500,000 shares of common stock in a private placement transaction to be consummated simultaneously with and subject to the closing of the public offering. All shares of common stock, other than the shares of common stock issued in the private placement transaction, will be offered under the Company’s existing shelf registration statement filed with the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy 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 the registration or qualification under the securities laws of any such state or other jurisdiction. A copy of the prospectus supplement and prospectus related to these securities may be obtained, when available, from Barclays, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, by calling toll free at (888) 603-5847, or by emailing Barclaysprospectus@broadridge.com. ABOUT EQUITY ONE, INC. As of June 30, 2012, Equity One’s consolidated property portfolio comprised 165 properties consisting of approximately 16.8 million square feet of gross leasable area, including 142 shopping centers, 11 development or redevelopment properties, five non-retail properties and seven land parcels.