Equity One Announces Offering of 5.0M Shares of Common Stock

Equity One, Inc. EQY announced today that it will issue and sell 5.0 million shares of its common stock in a public offering. Barclays Capital Inc. is acting as sole book running manager for the offering. The Company intends to use the net proceeds for the repayment of amounts currently outstanding under its unsecured revolving credit facility. The Company will grant the underwriter a 30-day option to purchase up to an additional 750,000 shares of common stock.