JERICHO, N.Y. -- (Business Wire)
Getty Realty Corp. (NYSE:GTY) (the “Company”) announced today the
establishment of an “at-the-market” equity issuance program, pursuant to
which the Company may offer and sell shares of its common stock, par
value $0.01 per share, with an aggregate gross sales price of up to
$125,000,000 through J.P. Morgan Securities LLC, BofA Merrill Lynch,
KeyBanc Capital Markets Inc., RBC Capital Markets, LLC, BTIG, LLC,
Capital One Securities, Inc. and JMP Securities LLC, as sales agents.
Sales of the shares of common stock may be made, as needed, from time to
time by means of ordinary brokers’ transactions on the NYSE or otherwise
at market prices prevailing at the time of sale, at prices related to
prevailing market prices or at negotiated prices.
The Company intends to use any net proceeds from this offering for
general corporate purposes, including, without limitation, the funding
of future acquisitions, the funding of redevelopment costs, working
capital and the reduction, from time to time, of outstanding
indebtedness, including borrowings under the Company’s revolving credit
facility.
The Company has filed a registration statement (including a prospectus
and a related prospectus supplement) with the Securities and Exchange
Commission (“SEC”) for the offering of shares of common stock described
in this press release. Prior to investing, prospective investors should
read the prospectus in that registration statement, the related
prospectus supplement and other documents the Company has filed with the
SEC for more complete information about the Company and this offering.
Copies of the prospectus supplement and the accompanying prospectus
relating to these securities are available on the SEC’s website at www.sec.gov
or may be obtained from: J.P. Morgan Securities LLC, c/o Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717,
Attention: Prospectus Group or by calling toll free at (866) 803-9204;
BofA Merrill Lynch, NC1-004-03-43, 200 North College Street, 3rd floor,
Charlotte NC 28255-0001, Attention Prospectus Department or by emailing dg.prospectus_requests@baml.com;
KeyBanc Capital Markets Inc., 127 Public Square, 4th Floor, Cleveland,
OH 44114, Attention: Prospectus Delivery Department or by calling (800)
859-1783; RBC Capital Markets, LLC, Three World Financial Center, 200
Vesey Street, 8th floor, New York, New York 10281, Attention: Equity
Syndicate or by calling toll free at (877) 822-4089; BTIG, LLC, 825
Third Avenue, 6th Floor, New York, NY, 10022, or by telephone at (212)
593-7555 or by e-mail at equitycapitalmarkets@btig.com;
Capital One Securities, Inc., 201 St. Charles Ave, Ste. 1830, New
Orleans, LA 70170 Attention: Jennifer Bosso; and JMP Securities LLC, 600
Montgomery Street, Suite 1100, San Francisco, CA 94111, Attention:
Equity Syndicate or by calling (415) 835-8900.
This press release is for informational purposes only and does not
constitute an offer to sell or a solicitation of an offer to buy any
securities, nor will there be any sale of these securities in any state
or jurisdiction in which such an offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities
laws of any such state or other jurisdiction. The offering may be made
only by means of a prospectus supplement and related base prospectus.
Cautionary Statement Concerning Forward-Looking
Statements
Certain statements contained herein may constitute forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. The forward-looking statements include, among other
things, statements regarding the proposed offering of shares and the use
of proceeds therefrom, and can be identified by the use of words such as
“believes,” “expects,” “seeks,” “plans,” “projects,” “estimates,”
“anticipates,” “predicts” and similar expressions or future or
conditional verbs such as “will,” “should,” “would,” “may” and “could.”
These forward-looking statements represent the Company’s expectations
and beliefs concerning future events, and no assurance can be given that
the future results described herein will be achieved. There are a number
of risks and uncertainties that could cause actual results to differ
materially from the forward-looking statements. Other unknown or
unpredictable factors could also have material adverse effects on future
results, performance or achievements of the Company. The factors and
assumptions upon which any forward-looking statements herein are based
are subject to risks and uncertainties that include, among others, the
risks associated with the offering, the risk factors set forth in the
Company’s most recent Annual Report on Form 10-K and in subsequent
reports filed with the SEC, and other factors over which it has little
or no control. In light of these risks, uncertainties, assumptions and
factors, the forward-looking events discussed in this communication may
not occur. Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date of this
communication, unless noted otherwise. Except for our ongoing
obligations to disclose material information under the federal
securities laws, the Company undertakes no obligation to release
publicly any revisions to these forward-looking statements to reflect
future events or circumstances or to reflect the occurrence of
unanticipated events.
About Getty Realty Corp.
Getty Realty Corp. is the leading publicly-traded real estate investment
trust in the United States specializing in the ownership, leasing and
financing of convenience store and gasoline station properties. As of
December 31, 2017, the Company owned 828 properties and leased 79
properties from third-party landlords in 28 states across the United
States and Washington, D.C.
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Contacts:
Getty Realty Corp.
Investor Relations
516-478-5418
ir@gettyrealty.com
Source: Getty Realty Corp.
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