Glimcher Realty Trust is seeking to sell 11 million common shares to public. The U.S. real estate investment trust also plans to grant the underwriters an option to buy up to 15% of additional common shares.

The Ohio-based company plans to use the proceeds from the offering to reduce the outstanding amount under its credit facility, for development of existing or new properties and for general working capital and other purposes. Glimcher has appointed Goldman Sachs and Bank of America Merrill Lynch as the joint bookrunning managers.

Click here for the release from Business Wire.