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Provider: Thomson Reuters Stock Report

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Health Care REIT Inc completes $1 bln common stock offering

Monday, 2 Jun 2014 05:33pm EDT 

Health Care REIT Inc:Completes public offering of 16,100,000 shares at price of $62.35 per share for total gross proceeds of about $1 bln, which includes 2,100,000 shares sold pursuant to the underwriters' exercise in full of their purchase option for additional share.Intends to use net proceeds to repay advances under its primary unsecured credit facility and for general corporate purposes.BofA Merrill Lynch, Goldman, Sachs & Co., J.P. Morgan, Morgan Stanley, KeyBanc Capital Markets, RBC Capital Markets, and UBS Investment Bank acted as joint book-running managers for offering. 

Company Quote

0.24 +0.33%
1 May 2015