Company News »

DCT Industrial Trust(R) Announces Public Offering of 13,500,000 Common Shares

Business Wire
Share on StockTwits
Published on

DCT Industrial Trust(R) (NYSE:DCT) , a leading industrial real estate company, announced today that it has commenced an underwritten public offering of 13,500,000 common shares. The Company has also granted the underwriter an option to purchase up to 2,025,000 additional shares.

Wells Fargo Securities will serve as the sole underwriter of the offering.

The Company intends to use the net proceeds received from this offering for the repayment of amounts outstanding under its senior unsecured revolving credit facility, future acquisitions and development activities and for general corporate purposes. The offering will be made pursuant to a prospectus supplement to the Company’s prospectus, dated November 3, 2014, filed as part of the Company’s effective shelf registration statement relating to these securities.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

Copies of the preliminary prospectus supplement and accompanying prospectus relating to these securities when available may be obtained by contacting: Wells Fargo Securities, Attention: Equity Syndicate Department, 375 Park Avenue, New York, NY 10152, by calling (800) 326-5897 or by e-mailing cmclientsupport@wellsfargo.com.

About DCT Industrial Trust(R)

DCT Industrial is a leading industrial real estate company specializing in the acquisition, development, leasing and management of bulk distribution and light industrial properties in high-volume distribution markets in the U.S. As of September 30, 2014, the Company owned interests in approximately 74.3 million square feet of properties leased to approximately 900 customers. DCT maintains a Baa2 rating from Moody’s Investors Service and a BBB- from Standard & Poor’s Rating Services. Additional information is available at www.dctindustrial.com.

Share on StockTwits