Mar 31 2010
Health Care REIT, Inc. (NYSE:HCN) today announced that it has
priced an offering of $300 million of 6.125% senior unsecured notes due
April 15, 2020. The notes were priced at 99.297% of their face amount to
yield 6.22%. Subject to customary closing conditions, the offering is
expected to close on April 7, 2010.
The company intends to use the net proceeds from this offering for
general corporate purposes, including investing in health care and
senior housing properties and repaying borrowings under its unsecured
line of credit and other outstanding indebtedness.
Banc of America Securities LLC, Deutsche Bank Securities Inc., Barclays
Capital Inc. and Credit Agricole Securities (USA) Inc. are acting as
joint book-running managers for this offering.
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