SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Duke REIT (DRE)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: indexer who wrote ()10/19/1998 4:23:00 PM
From: NewsTrader   of 27
 
(NewsTraders) -- Duke Realty Investments Inc. (DRE) is offering 650,000 shares of common stock at $23.19 per share, according to a prospectus supplement filed with the SEC this afternoon.

The stock sale will be underwritten on a firm commitment basis by Merrill Lynch & Co., the filing notes.

Duke said it plans to use the offering's $14.3 million of net proceeds to reduce the outstanding balance on its unsecured line of credit which will be used to fund development and acquisition of additional rental properties.

The company's unsecured line of credit had an aggregate of $109 million outstanding as of October 15, bearing interest at LIBOR plus 80 basis points.

Based in Indianapolis, Ind., Duke Realty is a real estate investment trust (REIT) that owns a diversified portfolio of real property.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News