{"id":815489,"date":"2022-08-24T07:07:11","date_gmt":"2022-08-24T05:07:11","guid":{"rendered":"https:\/\/15.161.165.86\/non-categorizzato\/plymouth-industrial-reit-makes-early-improvement-to-balance-sheet-with-conversion-of-remaining-series-b-preferred-stock\/"},"modified":"2022-08-24T07:07:11","modified_gmt":"2022-08-24T05:07:11","slug":"plymouth-industrial-reit-makes-early-improvement-to-balance-sheet-with-conversion-of-remaining-series-b-preferred-stock","status":"publish","type":"post","link":"https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/plymouth-industrial-reit-makes-early-improvement-to-balance-sheet-with-conversion-of-remaining-series-b-preferred-stock\/","title":{"rendered":"Plymouth Industrial REIT Makes Early Improvement to Balance Sheet with Conversion of Remaining Series B Preferred Stock"},"content":{"rendered":"BOSTON--(BUSINESS WIRE)--Plymouth Industrial REIT, Inc. (NYSE: PLYM) announced the Company has improved its balance sheet earlier than anticipated with the conversion of the remaining Series B Preferred Stock held by Madison International Realty (\u201cMadison\u201d) into approximately 1.9 million shares of common stock on a leverage-neutral basis. The Company also affirmed that with this earlier conversion and the execution of an interest rate swap for $150 million of notional unsecured debt, it still expects to report full year 2022 results within its previously issued guidance ranges.\n\n\n\nOn August 12, 2022, Madison informed the Company that it had elected to convert its remaining 2,205,882 shares of Series B Preferred Stock into common stock. <div class=\"leaky_paywall_message_wrap\"><div id=\"leaky_paywall_message\"><a href=\"https:\/\/bebeez.it\/abbonati\/\">Abbonati<\/a> o <a href=\"https:\/\/bebeez.it\/mio-account\/\">Accedi<\/a> per leggere il resto di questo contenuto.<\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>BOSTON&#8211;(BUSINESS WIRE)&#8211;Plymouth Industrial REIT, Inc. (NYSE: PLYM) announced the Company has improved its balance sheet earlier than anticipated with the conversion of the remaining Series B Preferred Stock held by Madison International Realty (\u201cMadison\u201d) into approximately 1.9 million shares of common stock on a leverage-neutral basis. The Company also affirmed that with this earlier conversion [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[49630],"tags":[],"settori":[],"slider_categorie_and_home_page":[],"class_list":["post-815489","post","type-post","status-publish","format-standard","hentry","category-real-estate-in-asia-pacific"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Plymouth Industrial REIT Makes Early Improvement to Balance Sheet with Conversion of Remaining Series B Preferred Stock - BeBeez<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/plymouth-industrial-reit-makes-early-improvement-to-balance-sheet-with-conversion-of-remaining-series-b-preferred-stock\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Plymouth Industrial REIT Makes Early Improvement to Balance Sheet with Conversion of Remaining Series B Preferred Stock - BeBeez\" \/>\n<meta property=\"og:description\" content=\"BOSTON--(BUSINESS WIRE)--Plymouth Industrial REIT, Inc. (NYSE: PLYM) announced the Company has improved its balance sheet earlier than anticipated with the conversion of the remaining Series B Preferred Stock held by Madison International Realty (\u201cMadison\u201d) into approximately 1.9 million shares of common stock on a leverage-neutral basis. 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