Global Medical REIT (GMRE) Commences 7.5M Share Common Stock Public Offering
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Global Medical REIT Inc. (NYSE: GMRE) (the “Company”) today commenced an underwritten public offering (the “Offering”) of 7,500,000 shares of its common stock, par value $0.001 per share, subject to market and other conditions. The Company expects to grant the underwriters a 30-day option to purchase an additional 1,125,000 shares of common stock being offered in the Offering. The Company intends to use the net proceeds from the Offering to repay a portion of the outstanding indebtedness under its credit facility, to fund acquisitions and for other general corporate purposes.
J.P. Morgan, Baird and BMO Capital Markets are serving as the joint book-running managers for the Offering. KeyBanc Capital Markets is serving as the passive book-runner for the Offering.
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