other material
confidence high
sentiment neutral
materiality 0.55
Forestar Group enters into $300M at-the-market equity distribution agreement with multiple agents
Forestar Group Inc.
- Agreement allows sale of up to $300M of common stock through agents on NYSE at market prices or in blocks.
- Sales agents include J.P. Morgan, Citigroup, Mizuho, Wells Fargo, TD Securities, Fifth Third, BofA, BTIG, and Nomura.
- Each agent may receive up to 2% compensation of gross sales price; Forestar has no obligation to sell.
- Shares issued under shelf registration effective Oct 8, 2021; prospectus supplement dated Nov 18, 2021.