PLANO, Texas, Dec. 15, 2021 (GLOBE NEWSWIRE) -- (NYSE: GRBK) Green Brick Partners, Inc., (the “Company”), today announced it has commenced an underwritten registered public offering of 2,000,000 depositary shares, each representing a 1/1000th fractional interest in a share of the Company’s Series A Cumulative Perpetual Preferred Stock, with a liquidation preference of $25.00 per depositary share, to raise anticipated gross proceeds of $50.0 million before deducting transaction expenses, subject to market and certain other conditions. The Company expects to grant the underwriters a 30-day option to purchase additional depositary shares in connection with the offering.
Green Brick Partners, Inc. Announces Offering of Depositary Shares and Series A Cumulative Perpetual Preferred Stock
Dec 16, 2021
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