Equity One wraps $131.09 million private placement, public shares sale

Company sells shares in both offers at 1.42% discount to closing price

By Devika Patel

Knoxville, Tenn., May 24 - Equity One, Inc. negotiated a $19.42 million private placement of stock with MGN (USA), Inc. on May 18, according to an 8-K filed Tuesday with the Securities and Exchange Commission. The deal settled alongside the company's public sale of stock at the same price per share on May 24. There was a $14.57 million greenshoe with the public offering, which was conducted by underwriter Barclays Capital Inc.

The company sold 1 million common shares at $19.42 apiece in the placement and 5.75 million shares at that price in the public sale. Of the publicly sold shares, 750,000 were part of the greenshoe. The price per share is a 1.42% discount to $19.70, the May 17 closing share price.

Based in North Miami Beach, Fla., Equity One is a real estate investment trust that acquires, constructs and operates shopping centers.

Issuer:	Equity One, Inc
Issue:	Common stock
Amount:	$131,085,000
Price:	$19.42
Warrants:	No
Pricing date:	May 18
Settlement date:	May 24
Stock symbol:	NYSE: EQY
Stock price:	$19.76 at close May 18
Market capitalization:	$2.08 billion
Placement
Amount:	$19.42 million
Shares:	1 million
Investor:	MGN (USA), Inc.
Public offer
Amount:	$111,665,000 (including $14,565,000 greenshoe)
Shares:	5.75 million
Underwriter:	Barclays Capital Inc.

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