Health Care REIT (HCN) Closes 20.7M Offering at $53.50/Share
Tweet
Share
E-mailGet Alerts HCN Hot Sheet
Join SI Premium – FREE
Health Care REIT, Inc. (NYSE: HCN) today announced it has successfully completed its public offering of 20,700,000 shares of common stock at a price of $53.50 per share for total gross proceeds of $1.1 billion. Total shares sold includes 2,700,000 shares sold pursuant to the underwriters’ exercise in full of their option to purchase additional shares to cover over-allotments.
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, J.P. Morgan, UBS Investment Bank and Wells Fargo Securities acted as joint book-running managers for the offering.
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, J.P. Morgan, UBS Investment Bank and Wells Fargo Securities acted as joint book-running managers for the offering.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- enVVeno Medical (NVNO) files $100M mixed shelf
- MAIA Biotechnology (MAIA) files $150M mixed shelf
- Oruka Therapeutics (ORKA) files $1B mixed shelf
Create E-mail Alert Related Categories
Corporate News, Equity OfferingsRelated Entities
Deutsche Bank, UBS, JPMorgan, Wells FargoSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
