Newton HRPT Properties Trust has announced the underwriters of its previously announced public offering have exercised, in full, their overallotment option to purchase an additional 4.5 million common shares of beneficial interest.

The sale of these shares will result in HRPT raising additional net proceeds, after the underwriting discount, of approximately $31.2 million. The closing of the overallotment option is expected to occur today.

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

 

HRPT Properties Trust Underwriters Exercise Overallotment Option

by Banker & Tradesman time to read: <1 min
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