VIRGINIA BEACH, Va.–(BUSINESS WIRE)–Armada Hoffler Properties, Inc. (NYSE: AHH) today appear that it has bankrupt an underwritten accessible alms of 6,900,000 shares of its accepted stock, which included 900,000 shares pursuant to the abounding exercise of the underwriters’ advantage to acquirement added shares, at a accessible alms amount of $13.00 per share. Net gain from the offering, afterwards the underwriting abatement but afore estimated alms costs payable by the Company, were about $85.4 million.
The Aggregation intends to use the net gain from the alms to accord a allocation of the acknowledgment outstanding beneath its apart revolving acclaim facility, which amounts will again become accessible for approaching borrowing, including to armamentarium its development activity and for accepted accumulated purposes.
BofA Merrill Lynch and Stifel served as collective book-running managers for the offering. Baird and Raymond James served as collective bookrunners for the offering. Janney Montgomery Scott and Wunderlich served as co-managers for the offering.
Copies of the final announcement supplement and accompanying announcement accompanying to these balance may be acquired from: BofA Merrill Lynch, NC1-004-03-43, 200 North College Street, 3rd Floor, Charlotte, NC 28255-0001, Attn: Announcement Department, or by e-mailing [email protected]; and Stifel, Attention: Syndicate Department, One South Street, 15th Floor, Baltimore, MD 21202, telephone: (855) 300‐7136, email: [email protected]
The alms was fabricated pursuant to a shelf allotment account on Form S-3 that was declared able by the Balance and Exchange Commission on May 5, 2017. A final announcement supplement apropos to the alms was filed with the Balance and Exchange Commission. This columnist absolution shall not aggregate an action to advertise or the address of an action to buy any of these securities, nor shall there be any auction of these balance in any accompaniment or added administration in which such offer, address or auction would be actionable above-mentioned to allotment or accomplishment beneath the balance laws of any such accompaniment or added jurisdiction.
About Armada Hoffler Properties, Inc.
Armada Hoffler Properties, Inc. is a abounding account absolute acreage aggregation with all-encompassing acquaintance developing, building, owning and managing high-quality, institutional-grade office, retail and multifamily backdrop in adorable markets primarily throughout the Mid-Atlantic and Southeastern United States. The Aggregation has adopted to be burdened as a absolute acreage advance assurance (REIT) for U.S. federal assets tax purposes.
Certain affairs aural this columnist absolution are discussed application advanced accent as defined in the Private Balance Litigation Reform Act of 1995, and, as such, may absorb accepted and alien risks, uncertainties and added factors that may account the absolute after-effects or achievement to alter from those projected in the advanced statement. Investors should not abode disproportionate assurance aloft advanced statements.
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