other material
confidence high
sentiment neutral
materiality 0.55
Rexford Industrial launches new $750M ATM stock offering, replaces nearly exhausted prior program
Rexford Industrial Realty, Inc.
- New equity distribution agreements for up to $750M of common stock in at-the-market offerings.
- Prior $750M ATM program had $743.9M sold through Jan 13, 2022 and is terminated.
- Agreements with 13 sales agents; forward sale agreements with BofA, CIBC, Citigroup, Goldman Sachs, Jefferies, JPM, Mizuho, Regions, Scotia, Truist.
- Proceeds to fund acquisitions, repay credit facility, development, or general corporate purposes.
- Sales may be suspended or terminated at any time; no obligation to sell any shares.