other material
confidence high
sentiment neutral
materiality 0.45
Camden Property Trust terminates prior ATM, enters new $500M at-the-market equity program
CAMDEN PROPERTY TRUST
- Terminated Aug 2021 ATM agreements; $71.3M of unsold shares.
- Entered new ATM agreements for up to $500M in common shares with four banks.
- Proceeds for general corporate purposes, including reducing $900M credit line.
- May also use forward sale agreements; managers earn up to 1.5% commission.
- Shares issued under existing Form S-3; prospectus supplement filed May 13, 2022.