Health Care REIT to pay down lines of credit via common stock offering

By Tali David

Minneapolis, Sept. 18 - Health Care REIT, Inc. plans to repay advances under its unsecured lines of credit with the proceeds from its common stock offering, the company announced in a press release.

It will also use proceeds to repay other outstanding debt and for other general corporate purposes, including investing in health care and seniors housing properties.

Health Care REIT is a Toledo, Ohio-based real estate investment trust that invests in senior housing and health-care real estate.

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