Healthcare Realty Trust Inc. (HR: Quote) announced the pricing of its underwritten public offering of 3.00 million shares of its common stock.
The company said it will receive approximately $79.2 million of gross proceeds, before deducting underwriting discounts and commissions and estimated offering expenses.
The company noted that it intends to use the net proceeds from the offering for the acquisition of healthcare facilities, the repayment of outstanding borrowings under its unsecured credit facility, and other general corporate purposes. Completion of the offering is subject to customary closing conditions and is expected to occur on or about July 19, 2013.
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by RTT Staff Writer
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