Ares Commercial Real Estate (ACRE) Announces Proposed 7M Share Common Offering

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Go back to Ares Commercial Real Estate (ACRE) Announces Proposed 7M Share Common Offering

Ares Commercial Real Estate (ACRE) Prices 7M Share Common Offering for Est. Gross Proceeds of Approx. $101.9M

March 16, 2021 6:31 AM EDT

Ares Commercial Real Estate Corporation (NYSE: ACRE), today announced the pricing of an underwritten public offering of 7,000,000 shares of common stock for total estimated gross proceeds of approximately $101.9 million.

The Company has also granted the underwriters an option for 30 days to purchase up to... More