It's Lucrative, Baby
Last Wednesday, Entertainment Properties Trust announced they'd be offering $147.6 of common shares for their ongoing operating expenses, expansion opportunities, and debt repayment. EPT, remember, is really excited about the possibility of expanding into the charter school market (primarily, at least so far, via the entirely benevolent and not-in-it-for-the-money do-gooders at Imagine Schools; full list of Imagine Schools owned by EPT available here). The company's recent shareholder update mentioned they have "two primary asset classes" primed for expansion: movie theaters and charter schools.
Here's a bit from their recent announcement about this new investment opportunity:
Citigroup Global Markets Inc., Goldman, Sachs & Co., J.P. Morgan Securities Inc. and KeyBanc Capital Markets Inc. are acting as joint book running managers for the offering.
