Sep 21 2010
Health Care REIT, Inc. (NYSE:HCN) announced that it intends to offer, subject to market and other conditions, 7,000,000 shares of its common stock. Health Care REIT intends to grant the underwriters a 30-day option to purchase up to an additional 1,050,000 shares to cover over-allotments, if any. The shares of common stock will be registered under Health Care REIT's existing shelf registration statement on file with the Securities and Exchange Commission.
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.
Deutsche Bank Securities Inc. and J.P. Morgan Securities LLC will act as joint book-running managers for this offering.
A copy of the prospectus supplement and accompanying prospectus relating to the offering may be obtained by contacting Deutsche Bank Securities Inc. at 100 Plaza One, Jersey City, New Jersey 07311, Attention: Prospectus Department, by calling toll-free 1-800-503-4611 or email: [email protected], or J.P. Morgan Securities LLC, Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 or by calling 1-866-803-9204.