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Stock impact report

Plymouth Industrial REIT Announces Proposed Offering of 3,000,000 Shares of Common Stock

Plymouth Industrial REIT, Inc. (PLYM) 
NASDAQ:AMEX Investor Relations: ir.plymouthreit.com
Company Research Source: Business Wire
BOSTON--(BUSINESS WIRE)-- Plymouth Industrial REIT, Inc. (NYSE American: PLYM) (the “Company”) today announced that it intends to offer, subject to market and other conditions, 3,000,000 shares of its common stock. Plymouth intends to grant the underwriters a 30-day option to purchase up to an additional 450,000 shares of its common stock. Plymouth intends to use the net proceeds from this offering to repay, in whole or in part, amounts outstanding under its secured revolving credit facility, to fund acquisitions and for general corporate purposes. Barclays and KeyBanc Capital Markets are acting as joint book-running managers for the offering, D.A. Davidson & Co. is acting as lead manager for the offering and BB&T Capital Markets, National Securities Corporation, a wholly owned subsidiary of National Holdings, Inc., Sandler O’Neill + Partners, L.P. and Wedbush Securities Inc. are acting as co-managers fo Show less Read more
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