Terreno Realty Declares Pricing of Public Follow-On Offering of 5,000,000 Shares of Common Stock [Manufacturing Close - Up]ProQuest Information & Learning
Terreno Realty Corp. announced the pricing of its public offering of 5,000,000 shares of common stock at a price per share of $16.60.
According to a release, the underwriters have been granted a 30- day option to purchase up to an additional 750,000 shares of common stock. The Company intends to use the net proceeds from the offering for the repayment of debt, future acquisitions, general corporate purposes or a combination of the foregoing.
Goldman, Sachs & Co. and KeyBanc Capital Markets Inc. served as joint book-running managers for the offering. Stifel, Nicolaus & Company, Inc. and Robert W. Baird & Co. Inc. served as lead managers and Mitsubishi UFJ Securities (USA), Inc., PNC Capital Markets, JMP Securities, Regions Securities and Compass Point Research & Trading served as co-managers.
Terreno Realty Corp. is an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets: Los Angeles; Northern New Jersey/New York City; San Francisco Bay Area; Seattle; Miami; and Washington, D.C./Baltimore.
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