Global Medical REIT (GMRE) to Offer 4.75M Shares

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Go back to Global Medical REIT (GMRE) to Offer 4.75M Shares

Global Medical REIT Inc. Commences Common Stock Public Offering

December 10, 2019 4:17 PM EST

BETHESDA, Md.--(BUSINESS WIRE)-- Global Medical REIT Inc. (NYSE: GMRE) (the Company) today commenced an underwritten public offering (the Offering) of 4,750,000 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 712,500 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.

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