|[October 02, 2013]
Health Care REIT, Inc. Announces Pricing of $400 Million of 4.5% Senior Unsecured Notes
TOLEDO, Ohio --(Business Wire)--
Health Care REIT, Inc. (NYSE:HCN) today announced that it has
priced $400 million in aggregate principal amount of 4.5% senior
unsecured notes due January 15, 2024. The notes were priced at 98.958%
of their face amount to yield 4.626%. Subject to customary closing
conditions, the offering is expected to close on October 7, 2013.
The company intends to use the net proceeds from this offering to repay
outstanding indebtedness under its unsecured line of credit and 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
BofA Merrill Lynch, J.P. Morgan, UBS Investment Bank, Citigroup and
Deutsche Bank Securities acted as joint book-running managers for the
The offering is being made pursuant to Health Care REIT's effective
shelf registration statement on file with the Securities and Exchange
Commission. A prospectus supplement and accompanying base prospectus
relating to the offering will be filed with the Securities and Exchange
Commission. A copy of the prospectus supplement and accompanying base
prospectus may be obtained, when availale, 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, or email email@example.com;
J.P. Morgan Securities LLC, 383 Madison Avenue, New York, NY 10179,
Attention: Investment Grade Syndicate Desk, or by calling: (212)
834-4533 (collect), or by fax: (212) 834-6081; or UBS Securities LLC,
299 Park Avenue, New York, NY 10171, Attention: Prospectus Specialist,
or by calling (877) 827-6444, ext. 561 3884.
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, 2013, the company's broadly diversified portfolio consisted of
1,183 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.
[ Back To Technology News's Homepage ]