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We provide the latest news from the world of economics and finance
(RTTNews) - Terreno Realty Corp (TRNO) announced the pricing of public offering of 5.5 million common shares at $62.00 per share. The company expects offering to close on March 27, 2024.
The underwriters have been granted a 30-day option to purchase up to an additional 825,000 shares of common stock.
The company intends to use offering net proceeds for future acquisitions, including the acquisition of a portfolio of industrial properties, and for other general corporate purposes.
Goldman Sachs & Co. LLC and KeyBanc Capital Markets Inc. are serving as underwriters for the offering.
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