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HRPT Properties Trust Proposes Public Offering of 20M Common Shares

Mar 17, 2010 | Reprints | Unlock Link | Print

Newton REIT HRPT Properties Trust has commenced a proposed public offering of 20 million common shares.

HRP expects to use the net proceeds to repay amounts outstanding under its $750 million revolving credit facility and fund general business activities, including possible future acquisitions.

Morgan Stanley, Citi and Wells Fargo Securities are the joint book-running managers for this offering. Jefferies & Co., Morgan Keegan & Co. Inc., RBC Capital Markets and UBS Investment Bank are co-lead managers.

Executive Briefing