VEREIT’s $1.5 Billion At-The-Market Offering

Davis Polk advised the forward purchasers and forward sellers in the transaction.

an at-the-market forward underwriting program for the offer and sale of shares of common stock of VEREIT, Inc. from time to time having an aggregate offering price of up to $1.5 billion.

JPMorgan Chase Bank, National Association, Bank of America, N.A., Bank of Montreal, The Bank of New York Mellon, Barclays Bank PLC, Citibank, N.A., Goldman Sachs & Co. LLC, KeyBanc Capital Markets Inc., Mizuho Markets Americas LLC, Morgan Stanley & Co. LLC and Wells Fargo Bank, National Association acted as Forward Purchasers for the offering. J.P. Morgan Securities LLC, Barclays Capital Inc., BMO Capital Markets Corp., BNY Mellon Capital Markets, LLC, BofA Securities, Inc., BTIG, LLC, Capital One Securities, Inc., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, KeyBanc Capital Markets Inc., Mizuho Securities USA LLC, Morgan Stanley & Co. LLC, Regions Securities LLC, SMBC Nikko Securities America, Inc. and Wells Fargo Securities, LLC acted as Agent and Forward Sellers for the offering.

VEREIT is a full-service real estate operating company that owns and manages single-tenant commercial properties in the United States. VEREIT possess a wide range of operating capabilities that include property management, asset management, leasing, finance, acquisitions and dispositions. VEREIT maintains a broad and diverse portfolio across several asset types, including single-tenant retail, restaurant, office and industrial real estate assets.

The Davis Polk equity derivatives team included partner Mark J. DiFiore (Picture) and associate Danielle Forni. 

Involved fees earner: Mark DiFiore – Davis Polk & Wardwell; Danielle Forni – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Bank of America; Bank of America Securities; Bank of Montreal; Bank of New York Mellon; Barclays Bank; Barclays Capital ; BMO Capital Markets; BNY Mellon Capital Markets; BTIG, LLC; Capital One Securities; Citibank; Citigroup Global Markets Ltd; Goldman Sachs & Co.; J.P. Morgan Securities LLC; JP Morgan Chase & Co.; KeyBanc Capital Markets; Mizuho; Mizuho Securities; Morgan Stanley; Regions Securities LLC; SMBC Nikko Securities America; Wells Fargo Bank;

Martina Bellini

Author: Martina Bellini