TEL-AVIV, Israel, Dec. 16, 2015 (GLOBE NEWSWIRE) -- Gazit-Globe (NYSE:TSX) (TSX:GZT) (TASE:GZT), one of the world's leading multi-national real estate companies focused on the management, acquisition, development and redevelopment of supermarket-anchored shopping centers in major urban markets, announced today the closing of the previously announced secondary public offering of 4,200,000 shares of common stock of Equity One, Inc. (NYSE:EQY) owned by its wholly-owned subsidiaries. The underwriter also exercised its option to purchase an additional 630,000 shares of EQY common stock from Gazit-Globe’s subsidiaries, which is expected to close on December 18, 2015, subject to customary closing conditions being met. Gazit-Globe’s subsidiaries expect to receive approximately $124.6 million of gross proceeds from the offering, before expenses. Gazit-Globe intends to use the proceeds from the sale of shares for the repayment of existing debt and for general corporate purposes.
Credit Suisse Securities (USA) LLC acted as the sole underwriter of the offering.
EQY has filed a registration statement (including a prospectus supplement) with the Securities and Exchange Commission (“SEC”) for the offering to which this communication relates. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction. The offering may be made only by means of a prospectus and related prospectus supplement. A final prospectus supplement and accompanying base prospectus related to the offering has been filed with the SEC. You may get these documents for free by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, EQY, the underwriter or any dealer participating in the offering will arrange to send you the prospectus and related prospectus supplement if you request it by contacting Credit Suisse Securities (USA) LLC, Attn: Prospectus Department, One Madison Avenue, New York, NY 10010, or by telephone at 1-800-221-1037, or by email at email@example.com.
Gazit-Globe is one of the largest owners, developers and operators of predominantly supermarket-anchored shopping centers in major urban markets around the world. Gazit-Globe is listed on the New York Stock Exchange (NYSE:GZT), the Toronto Stock Exchange (TSX:GZT) and the Tel Aviv Stock Exchange (TASE:GZT) and is included in the TA-25 and Real-Estate 15 indices in Israel.
FORWARD LOOKING STATEMENTS
This release contains forward-looking statements within the meaning of applicable securities laws. In the United States, these statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of known and unknown risks and uncertainties, many of which are outside our control, that could cause our future results, performance or achievements to differ significantly from the results, performance or achievements expressed or implied by such forward-looking statements. Important factors that could cause or contribute to such differences include risks detailed in our public filings with the SEC and the Canadian Securities Administrators. Except as required by applicable law, we undertake no obligation to update any forward-looking or other statements herein, whether as a result of new information, future events or otherwise.