LOS ANGELES—Colony Financial has priced 15 million shares of common stock. The company expects to earn $336 million from the public offering after accounting for underwriting discounts and commissions. The offering is scheduled to close on July 22, 2014.

Colony Financial will use a portion of the proceeds from the offering to pay outstanding debt from the company's revolving credit facility. The remainder of the proceeds will be used for general corporate purposes, including purchasing target assets that are in line with the company's investment strategy.

Colony Financial's public offering includes an option for underwriters to purchase up to an additional 2,250,000 shares. Additionally, the underwriters may offer the shares at standard market prices intermittently through the New York Stock Exchange. These exchanges can be done on the over-the-counter market or through negotiated transactions. Joint book-running managers include Bank of America Merrill Lynch, J.P. Morgan, Barclays, Credit Suisse and Deutsche Bank Securities.

This is Colony Financial's second public offering. The company priced a public offering of 3 million shares of common stock in June at $25 per share with a 30-day underwriting option to purchase an additional 450,000 shares. Colony earned approximately $72.4 million from the offering.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

Capital Markets
Los Angeles
National