W. P. Carey (WPC) Announces 5.25M Share Public Offering of Common Stock

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Go back to W. P. Carey (WPC) Announces 5.25M Share Public Offering of Common Stock

W. P. Carey (WPC) Prices 5.25M Share Common Offering for Gross Proceeds of $395M

June 8, 2021 5:58 AM EDT

W. P. Carey Inc. (NYSE: WPC) announced today the pricing of an underwritten public offering of an aggregate of 5,250,000 shares of common stock, offered on a forward basis in connection with the forward sale agreements described below, for gross proceeds of approximately $395.3 million. The underwriters of the offering have been granted a 30-day option to purchase up to an additional 787,500 shares of common stock.

W. P. Carey Inc. intends to use the proceeds, if any, received upon the settlement of the forward sale agreements (and from the sale of any... More