Market Overview

Health Care REIT Announces Pricing of 26M Shares of Common Stock at $56/Share

Health Care REIT (NYSE: HCN) today announced the pricing of
its underwritten public offering of 26,000,000 shares of common stock at
$56.00 per share. The offering was increased in size from 22,000,000
shares. The company has granted the underwriters an option to purchase
up to an additional 3,900,000 shares during the next 30 days. The
company estimates that the gross proceeds from this offering will be
approximately $1.5 billion (or approximately $1.7 billion if the
underwriters' option is exercised in full).

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

See full press release

Posted-In: News Guidance Offerings After-Hours Center

 

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