Entering text into the input field will update the search result below

Gladstone Commercial's offering of 6.625% preferred stock prices

  • Gladstone Commercial (NASDAQ:GOOD) takes advantage of lower interest rates to replace preferred stock that bears a higher interest rate.
  • Its offering of 2.4M shares of newly designated 6.625% series E cumulative redeemable preferred stock priced at $25.00 per share, raises $60.0M in gross proceeds and ~$57.9M in net proceeds.
  • Grants greenshoe option for 360,000 additional shares.
  • Plans to use proceeds to optionally redeem all of its 7.75% series A cumulative redeemable preferred stock and its 7.50% series B cumulative redeemable preferred stock, and to use remaining proceeds to pay down its credit facility and for other general corporate purposes.

Recommended For You

About GOOD Stock

SymbolLast Price% Chg
FFO (FWD)
PE
Div Rate (TTM)
Yield (TTM)
Market Cap
Volume
Compare to Peers

Related Stocks

SymbolLast Price% Chg
GOOD--
Gladstone Commercial Corporation