Preferred Stock Offerings
By Ru Back Packer Staff, updated Sunday, January 28, 12:42 PM
Slide #387. NorthStar Realty Finance Corp. — Preferred Stock Offering
||NorthStar Realty Finance Corp. (NYSE:NRF)
|Preferred Stock Offering Details:
||NorthStar Realty Finance Corp. announced that it has commenced an underwritten public offering of $50 million of its new Series C Preferred Stock. The Company expects to grant the underwriters a 30-day option to purchase up to an additional $7.5 million of its Series C Preferred Stock solely to cover over-allotments, if any. UBS Investment Bank and Citigroup are acting as the joint book-running managers of the offering. Barclays, Deutsche Bank Securities and Stifel Nicolaus Weisel are acting as the co-lead managers of the offering and JMP Securities, MLV & Co. and Sterne Agee are acting as the co-managers of the offering.
NorthStar Realty Finance is a commercial real estate company. Co. is externally managed and advised by an affiliate of NorthStar Asset Management Group Inc. Co.'s primary business lines are: real estate, which focuses on various types of investments in commercial real estate that includes healthcare, hotel, manufactured housing communities, net lease, multifamily and multi-tenant office properties; Commercial Real Estate Debt, which focuses on senior and subordinate debt investments; and Commercial Real Estate Securities, which is comprised of its collateralized debt obligations (N-Star CDO) bonds and N-Star CDO equity of deconsolidated N-Star CDOs and includes other securities.
Preferreds: NRF.PRB, NRF.PRA, NRF.PRC, NRF.PRD, NRF.PRE
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||NorthStar Realty Finance Corp
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