Global Medical REIT (GMRE) Commences Common Stock Public Offering
Global Medical REIT Inc. (NYSE: GMRE) (the “Company”) today commenced an underwritten public offering (the “offering”) 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 15% of the shares of common stock being offered in the offering. There can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. The Company intends to use the net proceeds from this offering to repay outstanding indebtedness under its amended and restated revolving credit facility, to fund acquisitions and for other general corporate purposes.
Stifel, Nicolaus & Company, Incorporated and BMO Capital Markets Corp. are serving as the joint book-running managers for the offering.
The offering is being made pursuant to the Company's shelf registration statement, which was declared effective by the U.S. Securities and Exchange Commission ("SEC") on June 19, 2017.