Business & Finance
Thu, April 12, 2012
OAK BROOK, Ill.--([ BUSINESS WIRE ])--Retail Properties of America, Inc. (NYSE: RPAI) (the aCompanya) today announced the completion of its offering of 31,800,000 shares of its Class A common stock at $8.00 per share. The Company also announced that the underwriters for the offering exercised in full their option to purchase an additional 4,770,000 shares of its Class A common stock priced at $8.00 per share to cover overallotments. The sale of the additional 4,770,000 shares was also completed today. The Companyas Class A common stock is traded on the New York Stock Exchange under the symbol aRPAI.a
J.P. Morgan, Citigroup, Deutsche Bank Securities and KeyBanc Capital Markets were the joint book-running managers for the offering. Wells Fargo Securities was lead manager and Scotiabank and PNC Capital Markets LLC were co-managers.
A copy of the final prospectus for the offering was filed with the Securities and Exchange Commission and may be obtained by contacting: J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, telephone (866) 803-9204; Citigroup Global Markets Inc., Attention: Prospectus Department, Brooklyn Army Terminal, 140 East 58th Street, 8th Floor, Brooklyn, NY 11220, telephone: (800) 831-9146, email: [ BATProspectusdept@citi.com ]; Deutsche Bank Securities Inc., Attention: Prospectus Department, Harborside Financial Center, 100 Plaza One, Jersey City, NJ 07311-3988, or by calling (800) 503-4611, or by e-mail at [ prospectus.cpdg@db.com ]; or KeyBanc Capital Markets Inc. at Attention: Prospectus Delivery Department, 127 Public Square, 6th Floor, Cleveland, OH 44114, or by calling (800) 859-1783.
A registration statement relating to these securities 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, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state of jurisdiction.
About Retail Properties of America, Inc.
Retail Properties of America, Inc. is a fully integrated, self administered and self-managed real estate company that owns and operates high quality, strategically located shopping centers across 35 states. The Company is one of the largest owners and operators of shopping centers in the United States.