Getty Realty (GTY) said late Tuesday it priced a public offering of 4 million common shares for about $131 million in expected gross proceeds.
In connection with the offering, the company expects to enter into separate forward sale agreements with J.P. Morgan Securities and Wells Fargo Securities. Offering underwriters will have a 30-day overallotment option to purchase up to 600,000 additional shares.
The company expects the offering to close Thursday and plans to use any net proceeds it receives upon the settlement of the forward sale agreements to fund property acquisitions, among other things.
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