Follow-On Offering

Real Estate
Follow-On Offering

Summary

Baird served as a book-running manager on this offering.

About

CatchMark Timber Trust, Inc. (“CatchMark” or the “Company”) (NYSE: CTT) recently completed a follow-on offering of 14,375,000 shares of common stock at a price of $11.75 per share, generating gross proceeds of approximately $169 million. The Company intends to use the net proceeds from the offering to fund future acquisitions, repay outstanding indebtedness and for general corporate purposes.

CatchMark is an internally managed real estate investment trust that invests in timberlands primarily in the southeastern United States and is the only public company exclusively engaged in timberland ownership and management, without ownership of any forest products or other manufacturing operations. The Company generates recurring income and cash flow from the harvest and sale of timber, as well as from non-timber related revenue sources, such as recreational leases. CatchMark’s timberlands are located on the Lower Piedmont and Upper Coastal Plains of East Central Alabama and West Central Georgia. CatchMark is headquartered in Norcross, Georgia.

For additional information about this transaction, please contact:

Jeff Rogatz (202) 303-1823
Tom O’Hare (202) 303-1811
Gary Placek (414) 765-3611
Mike Wilcox (414) 298-5999
Real Estate
Follow-On Offering
Date
July 2014
Company
CatchMark Timber Trust, Inc.
Transaction
M&A
Sectors
Real Estate
Target Location
North America

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