Kite Realty Group Trust KRG announced today that
it has priced its underwritten public offering of 32,000,000 of its
common shares of beneficial interest (“Common Shares”) at a public
offering price of $6.16 per share. The underwriters have been granted a
30-day option to purchase up to an additional 4,800,000 Common Shares.
The Company estimates that the net proceeds from this offering, after
deducting the underwriting discount and estimated offering expenses
payable by the Company, will be approximately $188.9 million, or
approximately $217.3 million if the underwriters' option to purchase
additional Common Shares is exercised in full.
The Company intends to use the net proceeds from this offering initially
to repay approximately $64.2
See full press release
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