Forestar Group closes its USD144.8m 6% tangible equity units offering.
M2 EQUITYBITES-November 28, 2013-Forestar Group closes its USD144.8m 6% tangible equity units offering(C)2013 M2 COMMUNICATIONS http://www.m2.com
Forestar Group Inc (NYSE:FOR), a real estate, oil and gas and other natural resources company, closed its underwritten public offering of 6,000,000 6.00% tangible equity units that resulted in net proceeds of about USD144.8m, together with the full exercise of the underwriters' option to buy additional units.
Net proceeds will be used for general corporate purposes such as investments in strategic growth opportunities.
Goldman, Sachs & Co served as the sole book-running manager for the offering and KeyBanc Capital Markets Inc, JMP Securities LLC, Capital One Securities Inc, JP Morgan Securities LLC, DA Davidson & Co and UBS Securities LLC acted as co-managers, in the offering made under an effective registration statement filed with the US Securities and Exchange Commission.
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|Publication:||M2 EquityBites (EQB)|
|Date:||Nov 28, 2013|
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