Market Overview

Health Care REIT Announces Proposed Offering of Common Stock

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Health Care REIT, Inc. (NYSE: HCN) announced that it intends to offer, subject to market and other conditions, concurrent underwritten public offerings of 25.0 million shares of its common stock and $625 million (12.5 million shares) of cumulative convertible perpetual preferred stock.

The company also intends to grant the underwriters a 30-day option to purchase up to 3.75 million additional shares of its common stock and $93.75 million (1.875 million additional shares) of its preferred stock to cover over-allotments, if any. Neither offering is contingent upon completion of the other offering.

Posted-In: News Offerings

 

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