- New Residential Investment's (NYSE:NRZ) offering of 5.4M shares of 7.50% series A fixed-to-floating rate cumulative redeemable preferred stock prices with a liquidation preference of $25.00 per share for gross proceeds of ~$135M.
- Offering is expected to close on July 2, 2019.
- Granted greenshoe option for up to an additional 810,000 shares of preferred.
- Intends to apply to list the preferred stock on the NYSE under the symbol "NRZ PR A."
- Previously: New Residential launches public offering of preferred stock (June 25)