National Storage Affiliates Trust Announces Pricing of Public Offering of Common Shares

Nachrichtenquelle: Business Wire (engl.)
23.09.2020, 02:47  |  209   |   |   

National Storage Affiliates Trust (the "Company") (NYSE: NSA) today announced the pricing of its previously announced underwritten public offering of 4,500,000 common shares of beneficial interest of the Company in connection with the forward sale agreements described below at a public offering price of $33.15 per share. The forward sellers or their respective affiliates have also granted the underwriters a 30-day option to purchase up to an additional 675,000 common shares.

The Company has entered into forward sale agreements with affiliates of each of Morgan Stanley & Co. LLC and Citigroup Global Markets Inc. (in such capacity, the “forward purchasers”) with respect to 4,500,000 of the Company's common shares (or an aggregate of 5,175,000 of the Company's common shares if the underwriters exercise their option to purchase additional shares in full). In connection with the forward sale agreements, the forward purchasers or their respective affiliates, at the Company’s request, are expected to borrow from third parties and sell to the underwriters an aggregate of 4,500,000 of the Company's common shares (or an aggregate of 5,175,000 of the Company's common shares if the underwriters exercise their option to purchase additional shares in full) for resale by the underwriters in such offering. Subject to its right to elect cash or net share settlement subject to certain conditions, the Company intends to issue and deliver to the forward purchasers, upon physical settlement of such forward sale agreements on one or more dates specified by the Company occurring within approximately six months of today, an aggregate of 4,500,000 of the Company's common shares (or an aggregate of 5,175,000 of the Company's common shares if the underwriters exercise their option to purchase additional shares in full) in exchange for cash proceeds per share equal to the applicable forward sale price per share, which will initially be equal to the public offering price per share of the Company's common shares in the offering less underwriting discounts and commissions. The initial forward sale price is subject to subsequent adjustments from time to time as provided in the forward sale agreements.

Seite 1 von 4
National Storage Affiliates Trust Registered of Benef Interest Aktie jetzt ab 0€ handeln - auf Smartbroker.de



Diesen Artikel teilen

0 Kommentare

Schreibe Deinen Kommentar

Bitte melden Sie sich an, um zu kommentieren. Anmelden | Registrieren

 

Disclaimer

Meistgelesene Nachrichten des Autors

Titel
Titel
Titel
Titel