Prologis, Four Other Firms Detail Share Offerings

   DOW JONES NEWSWIRES 
 

Five firms ranging from property owners to a biotech company unveiled share offerings after the market's close Wednesday, sending their shares lower after-hours.

Warehouse giant Prologis Inc. (PLD) said it plans to offer 30 million shares to help repay debt, including borrowings under its ProLogis European Properties bridge facility.

The company, formed through a merger with AMB Property Corp., has about 169.6 million shares outstanding, according to FactSet research. Shares fell 3% to $33.25 after-hours.

Excel Trust Inc. (EXL) said it is offering 12.5 million shares of its stock over the next 30 days to help fund the purchase of its Promenade shopping center in Scottsdale, Ariz., among other corporate purposes.

The retail-focused real estate investment trust has about 16.6 million shares outstanding. Shares were recently off 4.6% to $11.34 after-hours.

Another REIT, American Capital Agency Corp. (AGNC) disclosed plans to offer 36 million shares to help acquire more agency securities, as market conditions warrant, and for general corporate purposes.

The company has about 128.8 million shares outstanding. Shares were off 1.7% to $28.35 after-hours.

First PacTrust Bancorp Inc. (FPTB) began offering 1.6 million shares of voting common stock to raise funds for general corporate purposes.

The holding company of Pacific Trust Bank has about 9.7 million shares outstanding. Shares dropped 8.1% to $14.96 after-hours.

Biotech firm GTx Inc. (GTXI) filed a shelf registration with the Securities and Exchange Commission for an undetermined amount of shares. The company said it plans to use proceeds from the offering for clinical development and other research and development activities.

GTx had about 51.7 million shares outstanding at the end of March. The stock fell 5% to $4.97 after-hours.

-By Drew FitzGerald, Dow Jones Newswires; 212-416-2909; [e-mail]