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LTC Properties Inc Announces Closing Of Public Offering Of 4,025,000 Shares Of Common Stock

Wednesday, 8 May 2013 05:00pm EDT 

LTC Properties Inc announced that it has closed its previously-announced public offering of 3,500,000 shares of its common stock at a price of $44.50 per share. In addition, the Company has sold 525,000 shares of its common stock at a price of $44.50 per share pursuant to the underwriters` option to purchase additional shares, resulting in a total public offering of 4,025,000 shares for net proceeds of approximately $171.3 million. Wells Fargo Securities, KeyBanc Capital Markets, BMO Capital Markets and RBC Capital Markets are acting as joint book-running managers for the Offering. Sandler O`Neill + Partners, L.P., CSCA, J.J.B. Hilliard, W.L. Lyons, LLC, JMP Securities LLC and Sidoti & Company, LLC are acting as co-managers for the Offering. 

Company Quote

0.12 +0.29%
19 Dec 2014