BOSTON–(BUSINESS WIRE)–Plymouth Industrial REIT, Inc. (NYSE American: PLYM) (the “Company”)
today announced that it intends to offer, subject to market and other
conditions, 3,000,000 shares of its common stock. Plymouth intends to
grant the underwriters a 30-day option to purchase up to an additional
450,000 shares of its common stock. Plymouth intends to use the net
proceeds from this offering to repay, in whole or in part, amounts
outstanding under its secured revolving credit facility, to fund
acquisitions and for general corporate purposes.
Barclays and KeyBanc Capital Markets are acting as joint book-running
managers for the offering, D.A. Davidson & Co. is acting as lead manager
for the offering and BB&T Capital Markets, National Securities
Corporation, a wholly owned subsidiary of National Holdings, Inc.,
Sandler O’Neill + Partners, L.P. and Wedbush Securities Inc. are acting
as co-managers for the offering.
The shares are being offered pursuant to an effective shelf registration
statement on Form S-3 filed with the Securities and Exchange Commission.
The offering will be made only by means of a preliminary prospectus
supplement and accompanying prospectus. Copies of the preliminary
prospectus supplement and accompanying prospectus relating to the
offering may be obtained by contacting Barclays, c/o Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717,
telephone: 1-888-603-5847 or by emailing [email protected].
The press release shall not constitute an offer to sell or a
solicitation to buy these securities, nor shall 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 the registration or
qualification under the securities laws of any such state or
jurisdiction.
About Plymouth
Plymouth Industrial REIT, Inc. is a
vertically integrated and self-managed real estate investment trust
focused on the acquisition and operation of single and multi-tenant
industrial properties located in secondary and select primary markets
across the United States. The Company seeks to acquire properties that
provide income and growth that enable the Company to leverage its real
estate operating expertise to enhance shareholder value through active
asset management, prudent property re-positioning and disciplined
capital deployment.
Forward-Looking Statements
This press release includes
“forward-looking statements” that are made pursuant to the safe harbor
provisions of Section 27A of the Securities Act of 1933 and of Section
21E of the Securities Exchange Act of 1934. The forward-looking
statements in this release do not constitute guarantees of future
performance. Investors are cautioned that statements in this press
release, which are not strictly historical statements, including,
without limitation, statements regarding the number of shares being
offered and the anticipated use of proceeds, constitute forward-looking
statements. Such forward-looking statements are subject to a number of
known and unknown risks and uncertainties that could cause actual
results to differ materially from those anticipated by the
forward-looking statement, many of which may be beyond our control.
Forward-looking statements generally can be identified by the use of
forward-looking terminology such as “may,” “plan,” “seek,” “will,”
“expect,” “intend,” “estimate,” “anticipate,” “believe” or “continue” or
the negative thereof or variations thereon or similar terminology. Any
forward-looking information presented herein is made only as of the date
of this press release, and we do not undertake any obligation to update
or revise any forward-looking information to reflect changes in
assumptions, the occurrence of unanticipated events, or otherwise.
Contacts
Tripp Sullivan
SCR Partners
(615) 760-1104
[email protected]
