Healthcare Realty Trust Announces Public Offering Of 8MShares Of Common Stock
Healthcare Realty Trust Incorporated (NYSE: HR) announced today that it has commenced an underwritten public offering of 8,000,000 shares of the Company's common stock. As part of the offering, the Company also intends to grant the underwriters a 30-day option to purchase up to an additional 1,200,000 shares. The Company intends to use the net proceeds from this offering for the funding of two build-to-suit healthcare facilities, the acquisition of healthcare facilities and other general corporate purposes, including the repayment of debt.
Barclays Capital Inc., J.P. Morgan and Wells Fargo Securities, LLC are acting as joint book-running managers for the offering. Copies of the preliminary prospectus supplement and accompanying prospectus relating to the offering may be obtained, when available, from Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, telephone (888) 603-5847, email: Barclaysprospectus@broadridge.com or J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, telephone: (866) 803-9204 or Wells Fargo Securities, 375 Park Avenue, New York, New York 10152, Attention: Equity Syndicate Department, telephone: (800) 326-5897, email: email@example.com.
The offering is being made solely by means of a preliminary prospectus supplement to the Company's prospectus, dated February 18, 2011, filed as part of the Company's effective shelf registration statement relating to these securities. This press release is not an offer to sell, nor a solicitation of an offer to buy securities, nor shall there be any sale of these securities in any state or jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction.
Healthcare Realty Trust is a real estate investment trust that integrates owning, managing, financing and developing income-producing real estate properties associated primarily with the delivery of outpatient healthcare services throughout the United States. The Company had investments of approximately $2.9 billion in 205 real estate properties and mortgages as of June 30, 2012. The Company's 198 owned real estate properties are located in 28 states and total approximately 13.5 million square feet. The Company provides property management services to approximately 10.3 million square feet nationwide.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.