RTTNews | Jun 24, 2021 01:43PM EDT

13:42 Thursday, June 24, 2021 (RTTNews.com) - New York-based Real estate company Broadstone Net Lease, Inc (BNL) is down 3% as the company reported a public offering of 10 million common stock at $23.00 per share.

The company plans to use the funds raised from the proceedings to pay the outstanding $900 million in the company's revolving credit facility.

Currently, the shares are trading at $23.25, down $0.80 or 3.33% from $24.05 at the bell on Wednesday. The shares opened at $22.94 and in the 52-week period, the shares have ranged from $15.90 to $26.85.

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