(Source: Education Realty Trust Inc) MEMPHIS, Tenn.--(BUSINESS WIRE)-- EdR (NYSE:EDR) today announced that it plans to sell 6.5 million shares of its common stock in an underwritten public offering. The company also plans to grant the underwriters a 30-day option to purchase up to 975,000 additional shares of common stock. BofA Merrill Lynch, KeyBanc Capital Markets and RBC Capital Markets are serving as joint book-running managers for the offering. The company intends to use the net proceeds to reduce amounts outstanding under its unsecured revolving credit facility or for general corporate purposes, which may include funding its development pipeline...
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