Health Care REIT, Inc. (NYSE:HCN)
announced today that it intends to offer, subject to market and other conditions, 22,000,000 shares of its common stock. Health Care REIT intends to grant the underwriters a 30-day option to purchase up to an additional 3,300,000 shares of its common stock.
The company intends to use the net proceeds from this offering to repay advances under its unsecured lines of credit, to repay other outstanding indebtedness and for general corporate purposes, including investing in health care and seniors housing properties.
BofA Merrill Lynch, J.P. Morgan, and Morgan Stanley will act as joint book-running managers for the offering.
The shares of common stock are being offered pursuant to an effective shelf registration statement that Health Care REIT previously filed with the U.S. Securities and Exchange Commission. Electronic copies of the preliminary prospectus supplement and accompanying base prospectus are available from the Securities and Exchange Commission's website at
A copy of the preliminary prospectus supplement and accompanying base prospectus related to the offering may be obtained by contacting BofA Merrill Lynch, 222 Broadway, 7th Floor, New York, NY 10038, Attn: Prospectus Department or email
; or J.P. Morgan Securities LLC, Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by calling (866) 803-9204; or Morgan Stanley, Attention: Prospectus Department, 180 Varick Street, 2
Floor, New York, NY 10014, telephone: (866) 718-1649, or email:
This press release is not an offer to sell, nor a solicitation of an offer to buy securities, nor shall there be any sale of these securities in any state or jurisdiction in which the offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
About Health Care REIT, Inc.
Health Care REIT, Inc., an S&P 500 company with headquarters in Toledo, Ohio, is a real estate investment trust that invests across the full spectrum of seniors housing and health care real estate. The company also provides an extensive array of property management and development services. As of June 30, 2012, the company’s broadly diversified portfolio consisted of 1,010 properties in 46 states and Canada.