Market Overview

Health Care REIT Announces 18M Share Offering

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Health Care REIT, Inc. (NYSE: HCN) announced today that it intends
to offer, subject to market and other conditions, 18,000,000 shares of
its common stock. Health Care REIT intends to grant the underwriters a
30-day option to purchase up to an additional 2,700,000 shares of its
common stock.

The company intends to use the net proceeds from this offering to repay
advances under HCN's unsecured lines of credit, to repay other
outstanding indebtedness and for general corporate purposes, including
investing in health care real estate and seniors housing properties.

UBS Investment Bank, Deutsche Bank Securities, and Wells Fargo
Securities will act as joint book-running managers for the offering.

See full press release

Posted-In: News Guidance Contracts Management Global

 

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