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Health Care REIT Sells $2.1B In Stock

Health Care REIT has raised $2.1 billion in offerings of common stock and cumulative convertible perpetual preferred stock.

    Health Care REIThas raised $2.1 billion in offerings of common stock and cumulative convertible perpetual preferred stock. The U.S. health care real estate investment trust issued 28.75 million shares of common stock for $1.4 billion and 14.375 million shares for $718.8 million of 6.50% cumulative convertible perpetual preferred stock.

    The Ohio-based company seeks to use the proceeds to fund a portion of its acquisition ofGenesisHealthCare.UBS Investment Bank,BofA Merrill Lynch,Barclays Capital,Deutsche Bank Securities,JP MorganandWells Fargo Securities actedas joint book-running managers for the offerings, whileKeyBanc Capital Marketsacted as co-lead manager.

    Click here for the release fromBusiness Wire.

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