Corporate ActionApr 30, 2026, 02:04 PM
CPT Renews ATM Program for up to $500M Common Share Offering
AI Summary
Camden Property Trust renewed its "at the market" sales program, entering into new agreements to offer and sell common shares with an aggregate offering price of up to $500,000,000. The program allows for sales directly through managers or via forward sale agreements. Net proceeds are intended for general corporate purposes, including reducing borrowings under its $1.2 billion unsecured revolving credit facility, repaying other indebtedness, or repurchasing outstanding debt or equity securities.
Key Highlights
- CPT renewed its "at the market" sales program.
- Authorized to offer/sell common shares up to $500,000,000.
- Managers' compensation will not exceed 1.5% of gross sales price.
- Forward Sellers' commissions will not exceed 1.5% of gross sales price.
- Proceeds for general corporate purposes, including reducing $1.2B credit facility.