Newton-based CommonWealth REIT has priced a public offering of 7.5 million common shares of beneficial interest at a public offering price of $26.75 per share.

The settlement of the offering is expected to occur on Friday. CWH expects to use the net proceeds to repay amounts outstanding under its $750 million revolving credit facility, fund a portion of its redemption of the remaining 7 million shares of its 8 ¾ percent Series B cumulative redeemable preferred shares, and fund general business activities, including possible future acquisitions.

The underwriters have been granted a 30-day option to purchase up to an additional 1.125 million shares to cover over allotments, if any.

The joint book-running managers for this offering are Morgan Stanley, Citi and Wells Fargo Securities. The joint lead co-managers for this offering are Jefferies & Co., Morgan Keegan & Co. Inc., RBC Capital Markets and UBS Investment Bank. The co-managers for this offering are BB&T Capital Markets, Janney Montgomery Scott and Oppenheimer & Co.