Market Overview

HCP to Offer 22M Shares

HCP (NYSE: HCP) announced that it has agreed to sell 22,000,000 shares of its common stock to Goldman, Sachs & Co., as sole underwriter, in an underwritten public offering pursuant to an effective shelf-registration statement filed with the Securities and Exchange Commission. HCP intends to use the net proceeds of the offering to finance a portion of the purchase price for the acquisition of 133 senior housing communities from a joint venture between Emeritus Corporation and Blackstone Real Estate Partners VI, an affiliate of The Blackstone Group, as announced by HCP on October 16, 2012. HCP has granted to the underwriter an option for thirty days to purchase up to an additional 3,300,000 shares of common stock.

This offering of shares of HCP common stock may be made only by means of a prospectus supplement and a prospectus. A copy of the prospectus supplement and the prospectus relating to the offering will be filed with the Securities and Exchange Commission and, when available, can be obtained from: Goldman Sachs, & Co., Prospectus Department, 200 West Street, New York, NY 10282, telephone at (866) 471-2526, or facsimile at (212) 902-9316 or by emailing prospectus-ny@ny.email.gs.com.

This communication shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Posted-In: News Offerings

 

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