Armada Hoffler increases public stock offering, expecting to raise $94.5 million

From GlobeNewswire: 2024-09-25 23:19:00

Armada Hoffler (NYSE: AHH) has priced an underwritten public offering of 9,000,000 shares of its common stock for approximately $94.5 million. The offering is expected to close on September 27, 2024, with the company intending to use the net proceeds to repay loans and for general corporate purposes. Jefferies, BofA Securities, and Barclays are serving as the joint book-running managers for the offering. The offering is being made pursuant to a shelf registration statement on Form S-3. Armada Hoffler is a REIT with over four decades of experience in real estate development and management in the Mid-Atlantic and Southeastern United States.



Read more at GlobeNewswire: Armada Hoffler Announces Upsizing and Pricing of Public