HomeBanc Prices Preferred Stock

Published February 03, 2006, 3:00 p.m. EST

1 Min Read

HomeBanc Corp., the Atlanta-based parent company of HomeBanc Mortgage Corp., has priced a public offering of 2.0 million shares of 10% series A cumulative redeemable preferred stock at $25 per share.J.P. Morgan Securities was the sole bookrunner and lead manager of the offering. HomeBanc said it has granted the underwriters an option to buy up to 300,000 additional shares to cover any overallotments. HomeBanc, a real estate investment trust, can be found online at http://www.homebanc.com.

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