CapLease Announces Public Offering of Common Stock
NEW YORK--(BUSINESS WIRE)-- CapLease, Inc. (NYS: LSE) announced today the commencement of a public offering of 6,500,000 shares of its common stock. CapLease intends to use the net proceeds of the offering for general corporate purposes, which is expected to primarily include funding real property acquisitions in its pipeline.
CapLease intends to grant the underwriters of the offering a 30-day option to purchase up to an additional 975,000 shares of its common stock to cover over-allotments, if any. Wells Fargo Securities is the sole book-running manager of the offering.
The shares of common stock will be issued pursuant to a registration statement that has been declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any common stock, nor shall there be any sale of such common stock in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state.
A copy of the prospectus supplement and prospectus relating to the offering may be obtained from Wells Fargo Securities, Attention: Equity Syndicate Department, 375 Park Avenue, New York, NY 10152 (email: email@example.com or telephone (800) 326-5897).
This press release contains statements that are forward-looking. Such forward-looking statements involve risks and uncertainties and actual outcomes may differ materially from those projected. For more information regarding these risks and uncertainties, review CapLease's filings with the Securities and Exchange Commission.
About the Company:
CapLease, Inc. is a real estate investment trust, or REIT, that primarily owns and manages a diversified portfolio of single tenant commercial real estate properties subject to long-term leases to high credit quality tenants.
Brad Cohen, 212-217-6393
KEYWORDS: United States North America New York
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