HCP, Inc. (HCP) announced that it has agreed to sell 7.80 million shares of its common stock to Citigroup, as sole underwriter, in an underwritten public offering.
The company stated that it will use the net proceeds from this offering to repay indebtedness, including $250 million aggregate principal amount of its 6.45% Senior Notes at maturity on June 25, 2012, and to use the remaining net proceeds for general corporate purposes that may include the funding of future acquisitions or investments.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.