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-0.0171990171990173 -0.0171990171990173 -0.0171990171990173 0.0155773955773955 0.00737100737100743 -0.00798525798525792 -0.00307125307125311 -0.00307125307125311
Stock impact report

Ares Commercial Real Estate Corporation Announces Launch of Offering of Common Stock

Ares Commercial Real Estate Corporation (ACRE) 
Last ares commercial real estate corporation earnings: 2/20 06:00 am Check Earnings Report
US:NYSE Investor Relations: arescre.com
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Ares Commercial Real Estate Corporation (the “Company”) (NYSE:ACRE), today announced the launch of an underwritten public offering of 4,000,000 shares of common stock. The Company expects to grant to the underwriters of the offering an option to purchase up to 600,000 additional shares of common stock.The Company intends to use all of the net proceeds from the offering for general corporate purposes, including repaying indebtedness and investing in mortgage loans and other target assets and investments consistent with its investment strategies and investment guidelines and funding commitments on existing mortgage loans.Wells Fargo Securities, Citigroup and Morgan Stanley are acting as the joint book running managers for the offering, and JMP Securities and Raymond James are acting as co-managers for the offering.A registration statement on Form S-3 relating to these securities has been filed with the Securities and Exchange Commission and has been declar Show less Read more
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