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
Company Research
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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ACRE
News
- https://seekingalpha.com/article/4745862-ares-commercial-15-percent-yield-in-danger [Seeking Alpha]Seeking Alpha
- Ares Commercial Real Estate Corporation's (NYSE:ACRE) market cap dropped US$50m last week; individual investors who hold 52% were hit as were institutions [Yahoo! Finance]Yahoo! Finance
- Ares Commercial Real Estate Co. (NYSE: ACRE) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Ares Commercial Real Estate Co. (NYSE: ACRE) had its "market perform" rating re-affirmed by analysts at JMP Securities.MarketBeat
- Ares Commercial Real Estate Corp (ACRE) Q3 2024 Earnings Call Highlights: Navigating Challenges ... [Yahoo! Finance]Yahoo! Finance
ACRE
Earnings
- 11/7/24 - Beat
ACRE
Sec Filings
- 12/13/24 - Form 4
- 12/13/24 - Form 4
- 12/13/24 - Form 4
- ACRE's page on the SEC website