Rexford Industrial Announces Common Stock Offering

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Go back to Rexford Industrial Announces Common Stock Offering

Rexford Industrial Realty (REXR) Prices 9M Stock Offering at $17.65/Share

April 12, 2016 6:37 AM EDT

Rexford Industrial Realty, Inc. (NYSE: REXR) announced the pricing of an underwritten public offering of 9,000,000 shares of its common stock at a public offering price of $17.65 per share, for net proceeds of approximately $152,246,000 after deducting the underwriting discount and estimated offering expenses. The Company has granted the underwriters a 30-day option to purchase up to an additional 1,350,000 shares of its common stock. Settlement of the offering is subject to customary closing conditions and is expected to occur on April 15, 2016.

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