- Getty Realty ( NYSE: GTY ) said Tuesday announced an underwritten public offering of 3M shares in connection with certain forward sale agreements.
- The forward purchasers and Getty Realty ( GTY ) intend to grant the underwriters a 30-day option to buy up to an additional 450K shares.
- Getty Realty ( GTY ) will not initially receive any proceeds from the sale of shares by the forward purchasers.
- Net proceeds from the offering and settlement of the forward sale agreements will be used to fund property acquisitions, repay outstanding indebtedness under its revolving credit facility, for working capital and other general corporate purposes.
- Earlier, Getty Realty ( GTY ) reported better-than-expected Q4 results .
For further details see:
Getty Realty announces stock offering