Insight
Postal Realty Trust's Upsized Offering
Insight
Postal Realty Trust's Upsized Offering
January 14, 2021
Winston & Strawn LLP represented Jefferies and Stifel, as representatives of the underwriters, in connection with an upsized public offering of 2,750,000 shares of Class A common stock of Postal Realty Trust, Inc. (NYSE: PSTL) (the “Company”), an internally managed real estate investment trust that owns properties leased primarily to the U.S. Postal Service (the “USPS”). Postal Realty Trust expects to grant to the underwriters a 30-day option to purchase up to an additional 412,500 shares of Class A common stock. Postal Realty Trust intends to use the net proceeds of this offering for general corporate purposes, which may include the acquisition of additional properties, payment of dividends, capital expenditures related to the properties in its portfolio, and the repayment of indebtedness under the Company’s unsecured revolving credit facility.