Also as part of the deal, the underwriters have been given a 30-day option to purchase an additional 9.8 million shares, adding $73.4 million to the total. The money will be used to repay borrowings of its unsecured line of credit as well as general corporate purposes.
At the close of business Wednesday, Duke's stock was trading at $8.44 per share.
The prospectus has been filed with the Securities Exchange Commission and lists Merrill Lynch & Co., J.P. Morgan Securities Inc. and Morgan Stanley & Co. Inc. as joint book-running managers.
Duke owns and manages more than 135 million square feet throughout 20 cities in the US. The publicly traded company specializes in office, industrial and healthcare assets. Duke is headed by CEO Dennis Oklak.
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