CreXus Investment Corp., an Annaly-backed REIT planning to invest in commercial real estate debt, raised $200 million on Wednesday by offering 13.3 million shares at the proposed $15.00 price. Earlier in the day, the company cut the deal size by 60%, increased the manager's initial stake from 10% to 25% and reduced the management fee. CreXus Investment Corp. is expected to begin trading Thursday on the NYSE under the symbol CXS. Deutsche Bank and BofA Merrill Lynch acted as lead managers on the deal.
