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
Bank of England policymakers decided to leave its key rate at a historic low of 0.50 percent in a split vote for the third straight time at the meeting held early this month as a majority of members noticed increased risks from slowing global economy, especially in euro area. Ian McCafferty and Martin Weale sought a quarter point hike in the bank rate, to 0.75 percent. European Central Bank Governing Council member Luc Coene said the central bank could expand its stimulus measures to purchasing instruments other than covered bonds and asset-backed securities, but there is no concrete proposal on corporate bonds, currently. In an interview published in Belgian dailies... Denis Mukwege, a doctor from the Democratic Republic of Congo, has won this year's Sakharov Prize for Freedom of Thought for helping thousands of gang rape victims in the country. The award was instituted by the European Parliament, and the laureate for 2014 was selected by EP President Martin Schulz and the political group leaders. Announcing Europe's top human rights prize Tuesday, Schulz said
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.