Equity One Announces Closing of Common Stock
March 15, 2010 04:39 PM Eastern Daylight Time
NORTH MIAMI BEACH, Fla.--(EON: Enhanced Online News)--Equity One, Inc. (NYSE:EQY), an owner,
developer, and operator of shopping centers, announced today the closing of its previously announced underwritten
public offering of 4.83 million shares of its common stock, including 630,000 shares issued pursuant to the
underwriter’s over-allotment option, resulting in approximately $87.6 million of net proceeds to the Company, after
Concurrently with the closing of the public offering, MGN America, LLC, and Gazit America Inc., two entities
affiliated with Equity One’s largest stockholder, Gazit-Globe, Ltd., purchased directly from the Company an
aggregate of 600,000 additional shares of common stock resulting in net proceeds to the Company of approximately
Citi acted as sole book running manager for the public offering.
The Company intends to use the net proceeds for the repayment of outstanding mortgage debt, acquisitions and
general corporate purposes. This press release shall not constitute an offer to sell or a solicitation of an offer to buy
nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of any state.
ABOUT EQUITY ONE, INC.
As of December 31, 2009, Equity One owned or had interests in 182 properties, consisting of 168 shopping centers
comprising approximately 19.0 million square feet, three projects in development/redevelopment, six non-retail
properties, and five parcels of land. Additionally, Equity One had joint venture interests in twelve shopping centers
and one office building totaling approximately 1.9 million square feet.
FORWARD LOOKING STATEMENTS
Certain matters discussed by Equity One in this press release constitute forward-looking statements within
themeaning of the federal securities laws. Alt