VIRGINIA BEACH, Va., Sept. 25, 2024 (GLOBE NEWSWIRE) — Armada Hoffler (NYSE:AHH) today announced that it has priced an underwritten public offering of 9,000,000 shares of its common stock for total gross proceeds (before underwriters’ discounts and commissions and offering expenses) of approximately $94.5 million.
The offering is expected to close on September 27, 2024, subject to customary closing conditions. The Company has granted the underwriters a 30-day option to purchase up to an additional 1,350,000 shares at the public offering price, less the underwriting commissions.
The Company intends to use the net proceeds from the offering to repay (A) the loan secured by Chronicle Mill, (B) the loan secured by Premier, (C) the loan secured by Market at Mill Creek and (D) amounts outstanding under the Company’s revolving credit facility, with any remaining net proceeds being used for general corporate purposes and working capital.
Jefferies, BofA Securities and Barclays are serving as the joint book-running managers for the offering. Scotiabank and Stifel are serving as additional book-running managers for this offering. Janney Montgomery Scott and Regions Securities LLC are serving as co-managers for the offering.
Copies of the final prospectus supplement and accompanying prospectus related to these securities may be obtained, when available, from: (i) Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, New York, NY 10022, by telephone at (877) 821-7388, or by email at [email protected], (ii) BofA Securities, Inc., NC1-022-02-25, …
Full story available on Benzinga.com
VIRGINIA BEACH, Va., Sept. 25, 2024 (GLOBE NEWSWIRE) — Armada Hoffler (NYSE:AHH) today announced that it has priced an underwritten public offering of 9,000,000 shares of its common stock for total gross proceeds (before underwriters’ discounts and commissions and offering expenses) of approximately $94.5 million.
The offering is expected to close on September 27, 2024, subject to customary closing conditions. The Company has granted the underwriters a 30-day option to purchase up to an additional 1,350,000 shares at the public offering price, less the underwriting commissions.
The Company intends to use the net proceeds from the offering to repay (A) the loan secured by Chronicle Mill, (B) the loan secured by Premier, (C) the loan secured by Market at Mill Creek and (D) amounts outstanding under the Company’s revolving credit facility, with any remaining net proceeds being used for general corporate purposes and working capital.
Jefferies, BofA Securities and Barclays are serving as the joint book-running managers for the offering. Scotiabank and Stifel are serving as additional book-running managers for this offering. Janney Montgomery Scott and Regions Securities LLC are serving as co-managers for the offering.
Copies of the final prospectus supplement and accompanying prospectus related to these securities may be obtained, when available, from: (i) Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, New York, NY 10022, by telephone at (877) 821-7388, or by email at [email protected], (ii) BofA Securities, Inc., NC1-022-02-25, …
Full story available on Benzinga.com
VIRGINIA BEACH, Va., Sept. 25, 2024 (GLOBE NEWSWIRE) — Armada Hoffler (NYSE:AHH) today announced that it has priced an underwritten public offering of 9,000,000 shares of its common stock for total gross proceeds (before underwriters’ discounts and commissions and offering expenses) of approximately $94.5 million.
The offering is expected to close on September 27, 2024, subject to customary closing conditions. The Company has granted the underwriters a 30-day option to purchase up to an additional 1,350,000 shares at the public offering price, less the underwriting commissions.
The Company intends to use the net proceeds from the offering to repay (A) the loan secured by Chronicle Mill, (B) the loan secured by Premier, (C) the loan secured by Market at Mill Creek and (D) amounts outstanding under the Company’s revolving credit facility, with any remaining net proceeds being used for general corporate purposes and working capital.
Jefferies, BofA Securities and Barclays are serving as the joint book-running managers for the offering. Scotiabank and Stifel are serving as additional book-running managers for this offering. Janney Montgomery Scott and Regions Securities LLC are serving as co-managers for the offering.
Copies of the final prospectus supplement and accompanying prospectus related to these securities may be obtained, when available, from: (i) Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, New York, NY 10022, by telephone at (877) 821-7388, or by email at [email protected], (ii) BofA Securities, Inc., NC1-022-02-25, …Full story available on Benzinga.com Read MoreAHH, Markets, Press Releases Markets
