By Sheri Kasprzak
New York, Jan. 24 - Mapeley Ltd. has priced its previously announced £100 million private placement.
The offering includes 3,669,725 shares at £27.25 each.
The shares represent 14% of the company's enlarged share capital.
Deutsche Bank AG, the bookrunner for the deal, and Lehman Brothers International (Europe) and Merrill Lynch International, the placement agents, have a greenshoe for up to 10% of the offering size.
Proceeds will be used to partially refinance a £300 million revolving acquisition facility. The refinanced facility will allow the company to make additional acquisitions of office properties in the United Kingdom.
London-based Mapeley is a real estate investment and outsourcing company.
| Issuer: | Mapeley Ltd.
|
| Issue: | Stock
|
| Amount: | £100 million
|
| Greenshoe: | For up to 10% of offering size
|
| Shares: | 3,669,725
|
| Price: | £27.25
|
| Warrants: | No
|
| Placement agents: | Deutsche Bank AG (lead), Lehman Brothers International (Europe), Merrill Lynch International
|
| Pricing date: | Jan. 24
|
| Stock symbol: | London: MAY
|
| Stock price: | £27.39 at close Jan. 23
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
