June 27 (Reuters) - WPT Industrial Real Estate Investment Trust WIRu.TO :
* WPT Industrial REIT announces US$96 million of acquisitions and bought deal financing
* Both properties are being acquired free and clear of existing debt financing
* Entered into agreements to acquire two distribution properties in Oregon and Texas
* Purchase price for Portland property to be initially satisfied using draw down from revolving credit facility
* REIT, Welsh Property Trust entered agreement to sell, on a bought deal basis, about 9 million units of REIT at a price of US$12.85 per unit
* Purchase price for Houston property is expected to be satisfied using proceeds from equity offering
* Purchase price for Houston property is expected to be satisfied drawing down from REIT's revolving credit facility
* Anticipates refinancing draw downs on revolving credit facility with permanent financing at future date
* Offering consists of treasury offering of 5.8 million units by REIT for gross proceeds of approximately $75 million
* Offering also consists of secondary offering of 3.1 million units by Welsh for gross proceeds of about $40 million
* Net proceeds from treasury offering will be used to repay existing indebtedness under revolving credit facility Source text for Eikon: ID:nCCNzGhrna Further company coverage: WIRu.TO