- Jernigan Capital (NYSE:JCAP) declines 5% after it started a public offering of 3.5M shares; it expects to grant up to added 525,000 shares for over-allotment.
- JCAP sees using proceeds to repay amounts outstanding under its credit facility, to fund its investment portfolio, and for general corporate purposes.
- Joint book-running managers: Raymond James, Jefferies, KeyBanc Capital Markets, and Robert W. Baird & Co.
- Source: Press Release
- Previously: Jonathan Perry to join Jernigan Capital as Executive Vice President and Chief Investment Officer (May 14)