Two Harbors (TWO) Prices Upsized 50M Offering at $10.44/Share
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Two Harbors Investment Corp. (NYSE: TWO) announced that it has priced a public offering of 50,000,000 shares of its common stock at an offering price of $10.44 per share, for total gross proceeds (before underwriting discount and commissions and estimated expenses) of approximately $522.0 million. The company has granted the underwriters an option for 30 days to purchase up to an additional 7,500,000 shares of the company’s common stock to cover over-allotments, if any. The offering is expected to close on or about July 18, 2012.
The offering is up-sized from an estimated 35 million common sale, as announced Thursday.
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The offering is up-sized from an estimated 35 million common sale, as announced Thursday.
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