Dynex Capital (DX) Announces 12.5 Million Share Offering

Article Stock Quotes (1) Comments (0)

Dynex Capital, Inc. (NYSE: DX) has agreed to sell 12,500,000 shares of its common stock in an underwritten public offering. Credit Suisse Securities (USA) LLC, BofA Merrill Lynch and JMP Securities are acting as joint book-running managers for the offering. The Company has granted the underwriters an option for 30 days to purchase up to an additional 1,875,000 shares of the Company’s common stock.

The Company intends to use the net proceeds from this offering to acquire additional investments, consistent with its investment policy, and for general corporate purposes, which may include, among other things, repayment of maturing obligations, capital expenditures and working capital.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• Dynex Capital, Inc. Announces Investor Conference Presentation and Annual Shareholders Meeting
• Venaxis (APPY) Prices Stock and Warrant Offering
• XPO Logistics (XPO) Files $500M Mixed Securities Shelf

Create E-mail Alert Related Categories

Equity Offerings

Related Entities

Credit Suisse, Merrill Lynch, Bank of America, JMP Securities

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?