|[November 27, 2012]
Health Care REIT, Inc. Announces Pricing of $1.2 Billion of Senior Unsecured Notes
TOLEDO, Ohio --(Business Wire)--
Health Care REIT, Inc. (NYSE:HCN) today announced that it has
priced $1.2 billion in aggregate principal amount of senior unsecured
notes issued in the following tranches:
$450 million of 2.25% notes due March 15, 2018 priced to yield 2.350%
$500 million of 3.75% notes due March 15, 2023 priced to yield 3.792%
$250 million of 5.125% notes due March 15, 2043 priced to yield 5.184%
Subject to customary closing conditions, the offering is expected to
close on December 6, 2012.
The company intends to use the net proceeds from this offering to repay
certain secured indebtedness to be assumed in connection with the
previously announced acquisition of Sunrise Senior Living, Inc. If the
acquisition of Sunrise is not completed, or if proceeds remain following
repayment of such secured indebtedness, the company intends to use such
proceeds for general corporate purposes, including investing in health
care and seniors housing properties. Pending such use, the net proceeds
may be invested in short-term, investment grade, interest-bearing
securities, certificates of deposit or indirect or guaranteed
obligations of the United States.
BofA Merrill Lynch, Deutsche Bank Securities, UBS Investment Bank,
Citigroup, and Credit Agricole CIB acted as joint book-running managers
for the offerng.
The offering is being made pursuant to Health Care REIT's effective
shelf registration statement on file with the Securities and Exchange
Commission. A copy of the prospectus supplement and accompanying base
prospectus relating to the offering may be obtained by contacting
Merrill Lynch, Pierce, Fenner & Smith Incorporated, 222 Broadway, 11th
Floor, New York, NY 10038, Attention: Prospectus Department or by
calling (800) 294-1322; Deutsche Bank Securities Inc., Attention:
Prospectus Group, 60 Wall Street, New York, NY 10005 or by calling (800)
503-4611; or UBS Securities LLC, Attention: Prospectus Specialist, 299
Park Avenue, New York, NY 10171, or by calling (877) 827-6444, ext. 561
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
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 September 30, 2012, the company's broadly diversified
portfolio consisted of 1,030 properties in 46 states, the United
Kingdom, and Canada.
This document may contain "forward-looking" statements as defined in the
Private Securities Litigation Reform Act of 1995. When the company uses
words such as "may," "will," "intend," "should," "believe," "expect,"
"anticipate," "project," "estimate" or similar expressions, it is making
forward-looking statements. Forward-looking statements are not
guarantees of future performance and involve risks and uncertainties.
The company's expected results may not be achieved, and actual results
may differ materially from expectations. This may be a result of various
factors, including, but not limited to, those factors discussed in the
prospectus supplement and related base prospectus and in the company's
reports filed from time to time with the Securities and Exchange
Commission. Completion of the proposed offering is subject to various
factors, including, but not limited to, customary closing conditions.
The company assumes no obligation to update or revise any
forward-looking statements or to update the reasons why actual results
could differ from those projected in any forward-looking statements.
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