SITE Centers completes $198 million registered public offering
Clients SITE Centers Corp.
Jones Day represented SITE Centers Corp., a self-administered and self-managed real estate investment trust, in connection with its $198 million registered public offering of 15,000,000 Common Shares. SITE Centers also granted the underwriters a 30-day option to purchase up to an additional 2,250,000 Common Shares.
SITE Centers intends to use net proceeds from the offering to redeem the depositary shares representing its outstanding 6.250% Class K Cumulative Redeemable Preferred Shares. Remaining net proceeds will be used for general corporate purposes.