In the News
September 26, 2008
National Retail Properties prices common stock offering
National Retail Properties Inc. said September 26 that it priced its follow-on public offering of 3 million shares of common stock at $23.05 per share.
The company increased the size of the offering from the originally contemplated 1,750,000 shares.
National Retail has granted the underwriters a 30-day option to purchase up to 450,000 additional shares to cover any overallotments. The offering is expected to close October 1, subject to customary closing conditions.
The transaction represents a maximum offering size of $79.5 million, including the underwriters overallotment.
Citigroup Global Markets Inc. and Banc of America Securities LLC are acting as joint book-running managers for the offering. Raymond James & Associates, Inc., Stifel Nicolaus & Co., BB&T Capital Markets, a division of Scott & Stringfellow Inc., Janney Montgomery Scott LLC and Morgan Keegan & Co. Inc. are acting as co-managers.
