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Health Care REIT to repay unsecured credit facility via stock offering
By Tali Rackner
Norfolk, Va., May 27 - Health Care REIT, Inc. plans to repay advances under its primary unsecured credit facility with the proceeds from a common stock offering, according to a press release.
Proceeds will also be used for 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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