Ares Commercial Real Estate Corporation Announces Pricing of Offering of Common Stock
Ares Commercial Real Estate Corporation (ACRE)
Last ares commercial real estate corporation earnings: 2/20 06:00 am
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US:NYSE Investor Relations:
arescre.com
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Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Ares Commercial Real Estate Corporation (the “Company”) (NYSE:ACRE) today announced the pricing of an underwritten public offering of 4,000,000 shares of common stock for total estimated gross proceeds of approximately $64.4 million.The Company has also granted the underwriters an option for 30 days to purchase up to an additional 600,000 shares of common stock. The offering is expected to close on or about January 27, 2020, subject to customary closing conditions. The Company intends to use all of the net proceeds from the offering for general corporate purposes, including repaying indebtedness and investing in mortgage loans and other target assets and investments consistent with its investment strategies and investment guidelines and funding commitments on existing mortgage loans.Wells Fargo Securities, Citigroup and Morgan Stanley are acting as the joint book-running managers for the offering, and JMP Securities and Raymond James are acting as co-man
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News
- Ares Commercial Real Estate Corp (ACRE) Q3 2024 Earnings Call Highlights: Navigating Challenges ... [Yahoo! Finance]Yahoo! Finance
- Ares Commercial Real Estate Corporation Reports Third Quarter 2024 ResultsBusiness Wire
- Ares Commercial Real Estate Corp (ACRE) Q3 2024 Earnings Report Preview: What to Look For [Yahoo! Finance]Yahoo! Finance
- Ares Commercial Real Estate Corporation Schedules Earnings Release and Conference Call for the Third Quarter Ended September 30, 2024Business Wire
- Ares Commercial Real Estate Co. (NYSE: ACRE) had its price target lowered by analysts at JPMorgan Chase & Co. from $7.00 to $6.50. They now have a "neutral" rating on the stock.MarketBeat
ACRE
Earnings
- 11/7/24 - Beat
ACRE
Sec Filings
- 11/7/24 - Form 8-K
- 11/7/24 - Form 10-Q
- 9/3/24 - Form 3
- ACRE's page on the SEC website