other material
confidence high
sentiment neutral
materiality 0.65
Rexford Industrial establishes $1B at-the-market equity offering program, replacing prior $750M program
Rexford Industrial Realty, Inc.
- New equity distribution agreements for up to $1.0 billion in common stock via ATM offerings, effective May 27, 2022.
- Replaces prior $750M program under which $697.5M had been sold as of May 27, 2022.
- Agreements include potential forward sale arrangements; proceeds to fund acquisitions, repay debt, development.
- Sales agents include BofA, Goldman Sachs, J.P. Morgan, Wells Fargo, and others; compensation up to 2.0% of gross proceeds.