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 Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Wednesday, October 23, 6:33 AM
Slide #445. CBL & Associates Properties, Inc. — Preferred Stock Offering
| Company: |
CBL & Associates Properties, Inc. (NYSE:CBL) |
| Security type: |
6.625% Series E Cumulative Redeemable Preferred Stock (NYSE:CBL.PRE) |
| Shares Offered: |
6,000,000 |
| Date of Pricing: |
9/28/2012 |
| Price Per Share: |
$25 |
| Closed Date: |
10/5/2012 |
| Final Completed Deal Size: |
6900000 |
| Preferred Stock Offering Details: |
BL & Associates Properties, Inc. announced the pricing of an underwritten public offering of 6,000,000 depositary shares, each representing 1/10th of a share of its newly designated 6.625% Series E Cumulative Redeemable Preferred Stock at a public offering price of $25.00 per depositary share. The offering is expected to close on October 5, 2012. CBL granted the underwriters an option to purchase up to an additional 900,000 depositary shares within 30 days of the date of the final prospectus supplement referred to below. CBL may redeem, at its option, the depositary shares at a redemption price of $25.00 per depositary share, plus all accrued and unpaid dividends, on or after October 5, 2017. - updated 10/5/12 -- CBL & Associates Properties, Inc. announced the closing of its underwritten public offering of 6,900,000 depositary shares, each representing 1/10th of a share of its newly designated 6.625% Series E Cumulative Redeemable Preferred Stock with a liquidation preference of $25.00 per depositary share, including 900,000 depositary shares sold pursuant to the underwriters' exercise of their option to purchase additional depositary shares. The offering generated net proceeds to the Company of approximately $166.6 million, after deducting the underwriting discount and estimated offering expenses. |
CBL & Associates Properties is a self-managed and self-administered real estate investment trust. Co. owns, develops, acquires, leases, manages, and operates regional shopping malls, open-air and mixed-use centers, outlet centers, associated centers, community centers, office and other properties. Co.'s properties are located in several states, but are primarily in the southeastern and midwestern U.S. Co. conducts substantially all of its business through CBL & Associates Limited Partnership. Co. also conducts its property management and development activities through its subsidiary, CBL & Associates Management, Inc. Preferreds: CBL.PRC, CBL.PRD, CBL.PRE
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Open the CBL.PRE Page at Preferred Stock Channel for More Information About this Preferred »
| Name: |
CBL & Associates Properties Inc |
| Website: |
www.cblproperties.com |
| Sector: |
REITs |
| Number of ETFs Holding CBL: |
41 (see which ones) |
| Total Market Value Held by ETFs: |
$49,294,454 |
| Total Market Capitalization: |
$260,000,000 |
| % of Market Cap. Held by ETFs: |
18.96% |
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