Gladstone Commercial (GOOD) Announces Plans for Preferred Stock Offering

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 9/13/2026

1. ORCL
2. ADBE
3. SPY
4. RH
5. CPRT
6. ACVA
7. SEDG
8. SPCX
9. TLT
10. PMTS

January 23, 2012 8:40 AM EST
Gladstone Commercial Corporation (NASDAQ: GOOD) today announced that it plans to sell shares of its newly designated Series C Cumulative Term Preferred Stock in an underwritten public offering.

The Company also plans to grant the underwriters a 30-day option to purchase additional shares of Series C Preferred Stock on the same terms and conditions to cover over-allotments, if any. Jefferies & Company, Inc. is serving as the sole book-running manager for the offering, and J.J.B. Hilliard, W.L. Lyons, LLC, Wunderlich Securities, Inc., and Dominick & Dominick LLC are serving as co-managers.

The Company intends to use the net proceeds from its offering of the Series C Preferred Stock (the "Offering") to repay any outstanding indebtedness under its line of credit and for acquisitions of real estate.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Equity Offerings

Related Entities

Jefferies & Co, Wunderlich Securities