In today’s briefing:
- Digital Core REIT Placement – Taking a Turn for the Better After All the Negative News
Digital Core REIT Placement – Taking a Turn for the Better After All the Negative News
- Digital Core REIT (DCREIT SP) is looking to raise at least US$100m in its primary placement. The proceeds will be used to fund potential acquisitions and debt repayment.
- The deal will be a large one to digest at 72.7 days of three month ADV and 12.8% dilution.
- In this note, we’ll run the deal through our ECM framework and comment on deal dynamics.
💡 Before it’s here, it’s on Smartkarma
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