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dDT

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dDT

Re: None

Monday, 03/02/2015 4:22:06 PM

Monday, March 02, 2015 4:22:06 PM

Post# of 53906
NorthStar Realty down 1.9% on secondary offering

The total size of the offering is 60M shares, of which 40M are subject to a forward sale agreement with Deutsche Bank. The underwriter greenshoe is for another 9M shares.
Proceeds will be used to help fund the $1.3B purchase of a European office portfolio, pay down some debt, and for firepower for additional acquisitions.
Source: Press Release
NRF -1.9% after hours.

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