Postal Realty Trust (PSTL) Prices 3.5M Share Follow-On Offering at $13/Sh

Postal Realty Trust, Inc. (NYSE: PSTL) today announced the pricing of an underwritten public offering of 3,500,000 shares of its Class A common stock at a price to the public of $13.00 per share. As part of the offering, the Company has granted the underwriters a 30-day option to purchase up to an additional 525,000 shares of Class A common stock. The offering is expected to close on July 20, 2020, subject to customary closing conditions.

The Company intends to use the net proceeds of this offering to repay indebtedness under its senior revolving credit facility, to fund acquisitions and for other general corporate purposes.

Jefferies, Stifel, BMO Capital Markets and Janney Montgomery Scott are acting as joint book-running managers for the offering. B. Riley FBR, D.A. Davidson & Co., Height Capital Markets and Strategas are acting as co-managers for the offering.

The Securities and Exchange Commission declared effective a registration statement relating to the offering of these securities on July 15, 2020.

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