Global Medical REIT (GMRE) Commences 7.5M Share Common Stock Public Offering

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Go back to Global Medical REIT (GMRE) Commences 7.5M Share Common Stock Public Offering

Global Medical REIT Inc. Commences Common Stock Public Offering

March 15, 2021 4:24 PM EDT

BETHESDA, Md.--(BUSINESS WIRE)-- 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... More