OAK BROOK, Ill.--(BUSINESS WIRE)--Retail Properties of America, Inc. (the “Company”) today announced the pricing of its offering of 31,800,000 shares of its Class A common stock at $8.00 per share. In connection with the offering, the Company’s Class A common stock has been authorized for listing on the New York Stock Exchange under the symbol “RPAI” subject to the closing of the offering. The Company’s Class A common stock is expected to begin trading on April 5, 2012 on the New York Stock Exchange. The offering is expected to close on April 11, 2012. The Company granted the underwriters a 30-day option to purchase up to an additional 4,770,000 shares of Class A common stock solely to cover overallotments, if any.
J.P. Morgan, Citigroup, Deutsche Bank Securities and KeyBanc Capital Markets are acting as joint book-running managers for the offering. Wells Fargo Securities is acting as lead manager and Scotiabank and PNC Capital Markets LLC are acting as co-managers.
A copy of the final prospectus for the offering will be filed with the Securities and Exchange Commission and, when available, may be obtained by contacting: J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, telephone (866) 803-9204; Citigroup Global Markets Inc., Attention: Prospectus Department, Brooklyn Army Terminal, 140 East 58th Street, 8th Floor, Brooklyn, NY 11220, telephone: (800) 831-9146, email: BATProspectusdept@citi.com; Deutsche Bank Securities Inc., Attention: Prospectus Department, Harborside Financial Center, 100 Plaza One, Jersey City, NJ 07311-3988, or by calling (800) 503-4611, or by e-mail at prospectus.cpdg@db.com; or KeyBanc Capital Markets Inc. at Attention: Prospectus Delivery Department, 127 Public Square, 6th Floor, Cleveland, OH 44114, or by calling (800) 859-1783.
A registration statement relating to these securities has been declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state of jurisdiction.
About Retail Properties of America, Inc.
Retail Properties of America, Inc. is a fully integrated, self administered and self-managed real estate company that owns and operates high quality, strategically located shopping centers across 35 states. The Company is one of the largest owners and operators of shopping centers in the United States.
Forward-Looking Statements
The statements and certain other information contained in this press release, which can be identified by the use of forward-looking terminology such as “may,” “will,” “expect,” “continue,” “remains,” “intend,” “aim,” “towards,” “should,” “prospects,” “could,” “future,” “potential,” “believes,” “plans,” “goal,” “initiative,” “likely,” “anticipate,” and “probable,” or the negative thereof or other variations thereon or comparable terminology, constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbors created thereby. These statements should be considered as subject to the many risks and uncertainties that exist in the Company’s operations and business environment. Such risks and uncertainties could cause actual results to differ materially from those projected. These uncertainties include, but are not limited to, that the closing of the aforementioned offering is subject to, among other things, standard closing conditions and customary rights of the underwriters to terminate the underwriting agreement due to any outbreak or escalation of hostilities or any change in financial markets or any calamity or crisis, either within or outside the United States, and other risks and uncertainties detailed from time to time in the Company's filings with the Securities and Exchange Commission. The Company does not undertake any duty to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.