EdR Announces Offering of 5.5 Million Shares of Common Stock

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Go back to EdR Announces Offering of 5.5 Million Shares of Common Stock

Education Realty Trust (EDR) Prices 5.5M Common Offering at $35.50/Share

January 12, 2016 6:27 AM EST

EdR (NYSE: EDR) announced that it has priced its public offering of 5.5 million shares of its common stock at a price to the public of $35.50 per share. The company has also granted the underwriters a 30-day option to purchase up to 825,000 additional shares of common stock, at the price to the public less the underwriting discount. Subject to customary conditions, the offering is expected to close on or about January 15, 2016. The net proceeds to the company, after deducting the underwriting discount and other estimated offering expenses, are expected to be approximately $187,020,000... More