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Arlington Asset plans to price public offering of 2.75 million shares
Barclays, Credit Suisse, RBC Capital assist; deal also has greenshoe
By Devika Patel
Knoxville, Tenn., March 24 - Arlington Asset Investment Corp. said it will price a public offering of 2.75 million class A common shares with a 30-day greenshoe for 412,500 additional shares.
Barclays, Credit Suisse Securities (USA) LLC and RBC Capital Markets, 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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