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
Toyota Motor Corp. (TM, TYT.L) Thursday announced 1.1 percent decline in worldwide production for October, as there was a sharp decline in production of passenger cars in Japan. Production outside Japan improved 2.3 percent. In a separate announcement, the Japanese automaker said it will recall more... Computer and printer maker Hewlett-Packard Co. said Tuesday after the markets closed that its fourth quarter profit fell 6% from last year, as revenue declined 2%. The company's quarterly earnings per share, excluding items, came in line with analysts' expectations, but its quarterly revenue fell short of analysts' forecast. This organic and natural products company has experienced strong compounded annual growth over the last four fiscal years with its net sales growing 25% and adjusted income from continuing operations over 30%.
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.