Equity One Prices 3.82 Mln Shares Offering At $23.30/shr - Quick Facts

(RTTNews) - Equity One, Inc. (EQY), an operator of shopping centers Wednesday said it has priced an underwritten public offering of 3.82 million shares of its common stock for $23.30 per share. The underwriters have a 30-day option to buy up to an additional 573 thousand common shares.

Equity One plans to use the net proceeds for funding development and redevelopment activities, to repay secured and unsecured debt, and for general corporate purposes.

Citigroup is acting as the sole underwriter of the offering.

Also, Gazit First Generation LLC, an entity affiliated with Equity One's largest stockholder, Gazit-Globe, Ltd., has agreed to buy an additional 675 thousand shares of common stock in a private placement transaction directly from the company at a price per share equal to the public offering price.