Tomahawk, WI 06/01/2014 (Basicsmedia) – American Realty Capital Properties Inc (NASDAQ:ARCP) has recently accomplished its follow-on offering of common stock shares. The company offered 138 million shares to the public, each at $12/share. The price settled included applied discounts and commissions. The quota comprising offered 138 million shares comprised 18 million shares by underwriters.

Apt Use Of Net Proceeds

The offering had successfully been accomplished and is indeed solemn news in the company’s perspective. Consequently, American Realty Capital Properties Inc (NASDAQ:ARCP) has received total proceeds of $1.59 billion and that too after deduction of estimated expenses, underwriting discounts and commissions. This humongous amount notched up as proceeds would be beneficial in clearing the outstanding debt that the company has been inflicted. The remaining of the proceeds shall be utilized for general corporate purposes. The funds can be reborrowed for fulfilling myriad acquisition strategies.

Debts Relieved!

In the context of ARCP, the public offering came at an apt time, since it ensured a systemic reduction in the outstanding debts, bolstering finance growth. Further, the total proceeds shall ensure extra potion of liquidity for myriad day to day operations. It goes without retorting that ARCP requires a stronger base in order to suitably restructure its operations.

The Interesting Outcomes Of The Sell-out!

Another encouraging point in the realm of the public offering is that the underwriters can sell the additional quota of 18 million shares! Moreover, another interesting takeaway is that holistic buying of the entire lot of shares clearly indicated strong, effusing interest amidst institutional investors to fetch the ARCP shares. As the pressure tips off the stocks of ARCP, the investors ought to get opportunities to reshuffle the existing portfolio and go about buying ARCP shares!

Quarterly Gains

ARCP has reported earnings of $0.26/share in Q1-2014; the company expects to soar the EPS up to $1.13 in 2014. Further, the company garnered $360.60 million in the last quarter, and hopes to notch up substantial profits in FY 2014-15.

Monthly Dividend Announced

American Realty Capital Properties Inc (NASDAQ:ARCP) has declared about its dividend offering on May 23, 2014. The decision making board of ARCP announced that individuals who shall be on record until June 6, 2014, shall notch up $0.0833/share as a monthly dividend on June 13. This amounts to a net declaration of $1.00/share dividend payout for the entire FY 2014.

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