Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Health Care REIT To Offer 18 Mln Shares - Quick Facts

RELATED NEWS
Trade HCN now with 

Health Care REIT Inc. (HCN: Quote) said it plans to offer 18.0 million shares, and also intends to grant the underwriters a 30-day option to buy up to an additional 2.7 million shares to cover over-allotments, if any. Moreover, the company intends to use the net proceeds from this offering to repay advances under its unsecured lines of credit, to repay other outstanding indebtedness and for general corporate purposes, including investing in health care and seniors housing properties.

BofA Merrill Lynch, Deutsche Bank Securities and J.P. Morgan would act as joint book-running managers for the offering.

Separately, Health Care REIT announced the completion of $508 million of acquisitions in 2012. These acquisitions are in addition to the company's previously announced transaction with Chartwell Seniors Housing REIT that may close in the second quarter of 2012. In total, the transaction with Chartwell is $925.2 million including Health Care REIT's investment of $503.3 million. Currency references are in US dollars and are based upon an exchange rate of CAD to USD of 1:1 for the Chartwell transaction.

Click here to receive FREE breaking news email alerts for Health Care REIT Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Swiss drug maker Roche Holding said a late-stage trial of its breast cancer drug Kadcyla did not provide superior results compared with an existing therapy. FCA US, until recently known as Chrysler, said Friday it is recalling 257,000 Dodge Ram pickups. The auto maker says the rear axle pinion nut on certain model year 2005 Dodge Ram 1500 trucks may loosen due to an undersized spline on the pinion gear. If the pinion nut loosens, the rear axle may... This medical device company has a very impressive track record of growing business over the past decade. increasing sales from $490.2 million in 2004 to $1.72 billion this year. The Silicone Hydrogel daily disposable lens portfolio constitutes a major avenue for growth.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.