Capital Offerings Profile

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Company NameFranklin Street Properties Corporation
Offering TypeFollow-On
DescriptionCommon stock, $0.0001 par value
ISINUS35471R1068
Currency of IssueUSD
Trading Symbol (Exchange)FSP (NYSE MKT)
 
Announcement Date5/6/2013
Trade Date5/9/2013
Settlement Date5/15/2013
Completion Date5/9/2013
Overallotment Expiration6/14/2013
Lock-up Expiration8/7/2013
Date Overallotment Exercised5/15/2013
Shelf Filing Date4/27/2012
 
144a?No
Mandatory Redemption?No
Convertible?No
Exchange for Existing Issue?No

Use of Proceeds
The company intends to use a portion of the net proceeds from this offering to fund the cash consideration for the acquisitions of 999 Peachtree and 1999 Broadway. To the extent either or both acquisitions are not completed, the company intends to use the balance of the net proceeds to repay indebtedness under its senior unsecured credit facility and for general corporate purposes, including funding future acquisitions and investments. Pending application of cash proceeds, the company will invest the net proceeds from this offering in interest-bearing accounts and short-term, interest-bearing securities in a manner that is consistent with its intention to qualify for taxation as a REIT.

Pricing
Offer Price ($)14.0000
Gross Amount Offered ($000)210,000
Amount Including Overallotment ($000)241,500
Shares Offered15,000,000
Total Shares Offered17,250,000

Overallotments
Overallotment Amount Available ($000)31,500
Overallotment Shares Available2,250,000
Overallotment Amount Exercised ($000)31,500
Overallotment Shares Exercised2,250,000

Underwriting Fees
Gross Spread ($)0.56
Gross Spread (%)4.00
Sales Concession ($)0.33

UnderwritersShares UnderwrittenAmount Underwritten($000)
Book Manager(s)
  Merrill Lynch, Pierce, Fenner & Smith Incorporated6,000,00084,000
  BMO Capital Markets Corp.3,000,00042,000
  Robert W. Baird & Co. Incorporated3,000,00042,000
Co-Manager(s)
  PNC Capital Markets LLC1,500,00021,000
  RBS Securities Inc.450,0006,300
  Capital One Securities, Inc.300,0004,200
  Piper Jaffray & Co.300,0004,200
  TD Securities (USA) LLC300,0004,200
  BB&T Capital Markets150,0002,100

Professionals
Issuer's CounselWilmer Cutler Pickering Hale and Dorr, LLP
Underwriter's CounselGoodwin Procter, LLP
Auditor(s)Ernst & Young LLP
Clearing House(s)Depository Trust Company

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