- Getty Realty ( NYSE: GTY ) priced an underwritten public offering of 3M shares on a forward basis, in connection with the forward sale agreements, for gross proceeds of ~$100M.
- The forward purchasers and company have also granted the underwriters 30-day option to purchase up to an additional 450K shares.
- The company will not initially receive any proceeds from the sale of shares by the forward purchasers.
- Net proceeds if any will be used for the settlement of the forward sale agreements to fund property acquisitions, to repay indebtedness outstanding under its revolving credit facility, for working capital and other general corporate purposes.
- Offer is expected to close on Mar.3, 2023.
For further details see:
Getty Realty prices $100M in stock offering