Arlington Asset plans to price public offering of 3 million shares

Bookrunners Barclays and Credit Suisse assist; deal also has greenshoe

By Devika Patel

Knoxville, Tenn., March 7 - Arlington Asset Investment Corp. said it will price a public offering of 3 million class A common shares. The deal will have a 30-day greenshoe of 450,000 additional shares.

Barclays and Credit Suisse Securities (USA) LLC are the joint bookrunning managers.

Proceeds will be used to acquire target assets and for general working capital purposes.

The Arlington, Va., holding company acquires mortgage-related assets through its subsidiaries.

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