Dynex Capital (DX) Announces 12.5 Million Share Offering
Tweet
Share
E-mailGet Alerts DX Hot Sheet
Join SI Premium – FREE
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.
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Alliance Laundry principal stockholder prices 22.55M share offering
- ZeroStack to receive $1B in Memecore tokens in equity deal
- Vogenx raises $81.3M in Nasdaq IPO managed by JonesTrading
Create E-mail Alert Related Categories
Equity OfferingsRelated Entities
Credit Suisse, JMP SecuritiesSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
