The deal size was increased to 10.98M shares of common stock from 8.75M in common stock and priced within the $18.70-$19.26 range. Wells Fargo and BofA acted as joint book running managers for the offering.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NTST:
- Netstreit Faces Potential Credit Rating Downgrade Risk and Higher Funding Costs
- Netstreit 8.75M share Spot Secondary; price range $18.70-$19.26
- Netstreit announces offering of 8.75M shares of common stock
- Reaffirmed Buy on NETSTREIT: Solid AFFO Growth, Accretive Capital Recycling, and Conservative Balance Sheet Supportive of Dividend
- NETSTREIT: Strong Operations, Upgraded Portfolio, and Investment-Grade Balance Sheet Support Buy Rating and Upside Potential