DCT Industrial Trust® Prices Public Offering of 13,500,000 Common Shares
November 04 2014 - 9:00AM
Business Wire
DCT Industrial Trust® (NYSE: DCT), a leading industrial real
estate company, announced today that it priced an underwritten
public offering of 13,500,000 common shares for expected gross
proceeds of $113,670,000 before underwriting discounts and
commissions and estimated offering expenses payable by the Company.
Subject to customary conditions, the offering is expected to close
on November 7, 2014. The Company has also granted the underwriter
an option to purchase up to 2,025,000 additional shares.
Wells Fargo Securities is serving as the sole underwriter of the
offering.
The Company intends to use the net proceeds received from this
offering for the repayment of amounts outstanding under its senior
unsecured revolving credit facility, future acquisitions and
development activities and for general corporate purposes. The
offering will be made pursuant to a prospectus supplement to the
Company’s prospectus, dated November 3, 2014, filed as part of the
Company’s effective shelf registration statement relating to these
securities.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any securities, nor will 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 any such
state or other jurisdiction.
Copies of the prospectus supplement and accompanying prospectus
relating to these securities may be obtained, when available, by
contacting: Wells Fargo Securities, Attention: Equity Syndicate
Department, 375 Park Avenue, New York, NY 10152, by calling (800)
326-5897 or by e-mailing cmclientsupport@wellsfargo.com.
About DCT Industrial Trust®
DCT Industrial Trust is a leading industrial real estate company
specializing in the acquisition, development, leasing and
management of bulk distribution and light industrial properties in
high-volume distribution markets in the U.S. As of September 30,
2014, the Company owned interests in approximately 74.3 million
square feet of properties leased to approximately 900 customers.
DCT maintains a Baa2 rating from Moody’s Investors Service and a
BBB- from Standard & Poor’s Rating Services.
DCT Industrial TrustMelissa Sachs,
+1-303-597-2400investorrelations@dctindustrial.com
Dct Industrial Trust (delisted) (NYSE:DCT)
Historical Stock Chart
From Mar 2024 to Apr 2024
Dct Industrial Trust (delisted) (NYSE:DCT)
Historical Stock Chart
From Apr 2023 to Apr 2024
