First Capital Realty Announces Completion of $200 Million Bought Deal Equity Offering

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[{"type":"text","content":"\n\n\n\nFirst Capital Realty Announces Completion of $200 Million Bought Deal Equity Offering\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, July 18, 2018\n\n\n\n/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES/\n\n\n\nTORONTO, July 18, 2018 /CNW/ - First Capital Realty Inc. (the \"Company\") (TSX: FCR), one of Canada's largest owners, developers and managers of grocery anchored, retail-focused urban properties, announced today that it has closed its previously announced bought deal public offering of 9,757,000 common shares (the \"Shares\") at a price of $20.50 per Share to a syndicate of underwriters co-led by CIBC Capital Markets and TD Securities Inc. for gross proceeds of approximately $200 million (the \"Offering\").\n\nThe Company will use the net proceeds from the Offering to partially fund the capital requirements in connection with the previously announced (i) acquisitions of several high quality properties in core urban markets in Canada and (ii) development of two currently owned assets. The balance of the net proceeds, if any, will be used for general corporate purposes. The acquisitions and developments are described in more detail in the Company's prospectus supplement dated July 11, 2018 which is available on SEDAR at www.sedar.com.\n\nUpon closing of the Offering today, there were 254,779,649 Shares of the Company issued and outstanding.\n\nThe securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. \n\nABOUT FIRST CAPITAL REALTY (TSX: FCR)\n\nFirst Capital Realty is one of Canada's largest owners, developers and managers of grocery anchored, retail-focused urban properties ...

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