Retail Opportunity Investments Prices Offering Of 12.50 Mln Shares At $14.95/shr

(RTTNews) - Retail Opportunity Investments Corp. (ROIC) announced that it has priced a public offering of 12.50 million shares of common stock at a price of $14.95 per share, for net proceeds of approximately $178.6 million after deducting underwriting discounts and commissions and estimated offering expenses.

The company has granted the underwriters a 30-day option to purchase up to an additional 1.875 million shares.

The company intends to use the net proceeds from the offering to reduce borrowings under the Company's $350.0 million unsecured revolving credit facility.

Citigroup, Wells Fargo Securities, BMO Capital Markets Corp., J.P. Morgan, and KeyBanc Capital Markets Inc. acted as joint book-running managers; and Robert W. Baird & Co. Incorporated, Janney Montgomery Scott, MLV & Co. LLC, Piper Jaffray & Co., PNC Capital Markets LLC, Raymond James & Associates, Inc., and RBS Securities Inc. acted as co-managers in connection with the public offering.