NorthStar Realty Finance (NRF) Launches 15 Million Share Offering
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NorthStar Realty Finance Corp. (NYSE: NRF) announced the launch of an underwritten public offering of its common stock.
Citi and Wells Fargo Securities are the joint book-running managers for the offering, and FBR Capital Markets is the co-manager for the offering. The underwriters are expected to be granted a 30-day option to purchase up to 2.25 million additional shares of common stock to cover over-allotments, if any.
NorthStar expects to use the net proceeds from the sale of the common stock to purchase or repay its indebtedness, make investments relating to its business and for general corporate purposes.
Citi and Wells Fargo Securities are the joint book-running managers for the offering, and FBR Capital Markets is the co-manager for the offering. The underwriters are expected to be granted a 30-day option to purchase up to 2.25 million additional shares of common stock to cover over-allotments, if any.
NorthStar expects to use the net proceeds from the sale of the common stock to purchase or repay its indebtedness, make investments relating to its business and for general corporate purposes.
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