Getty Realty Corp. (GTY) has released an update.
Getty Realty Corp. has expanded its Distribution Agreement with top financial institutions, allowing for the offer and sale of up to $350 million of its common stock. The amendment introduces additional Forward Sellers and Purchasers to facilitate the stock sale and potentially utilize forward sale agreements. This move, underpinned by a shelf registration statement and a prospectus supplement, aims to bolster the company’s financial flexibility through strategic stock transactions.
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