Mack-Cali (CLI) Commences 5.5M Common Offering
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Mack-Cali Realty Corporation (NYSE: CLI) announced that they have commenced a 5.5 million common stock offering.
In addition, the Company expects to grant to the underwriters of the public offering an option for 30 days to purchase up to 825,000 additional shares of common stock to cover overallotments, if any. BofA Merrill Lynch, Deutsche Bank Securities and J.P. Morgan will serve as the joint book-running managers.
Net proceeds will be used to repay borrowings under its unsecured revolving credit facility and for general corporate purposes.
In addition, the Company expects to grant to the underwriters of the public offering an option for 30 days to purchase up to 825,000 additional shares of common stock to cover overallotments, if any. BofA Merrill Lynch, Deutsche Bank Securities and J.P. Morgan will serve as the joint book-running managers.
Net proceeds will be used to repay borrowings under its unsecured revolving credit facility and for general corporate purposes.
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