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Healthcare Realty Trust Prices Public Offering Of 3.00 Mln Shares

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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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With disappointing earnings news generating some selling pressure, stocks have moved mostly lower in early trading on Friday. The major averages have slid firmly into negative territory after ending the previous session nearly flat. After reporting an unexpected drop in new orders for U.S. manufactured durable goods in the previous month, the Commerce Department released a report on Friday showing that durable goods orders rebounded by more than expected in the month of June. British economic growth remained high as expected in the second quarter as a robust expansion in the dominant service sector, and industry completely offset the slight weakness in the construction sector. With the second quarter expansion, GDP returned to its pre-crisis level. Gross domestic product grew 0.8 percent sequentially in the second quarter, the same rate as seen in the first quarter.
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