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Health Care REIT $100 million preferred talked 7¾% area, to price late week
By Paul A. Harris
St. Louis, Sept. 7 - Health Care REIT Inc.'s $100 million offering of series F cumulative perpetual preferred shares (Ba1/BB+) is talked in the area of 7¾%, according to a market source.
The $25.00 shares are expected to price late in the present week.
UBS Investment Bank has the physical books. Deutsche Bank Securities is joint bookrunner. The senior co-managers are Legg Mason, McDonald and Raymond James. The co-managers are ABN Amro, Advest, Lehman Brothers and Stifel Nicholas.
The shares will pay on a quarterly basis and will be listed on the New York Stock Exchange.
The Toledo, Ohio-based real estate investment trust invests in long-term care facilities that include skilled nursing and assisted living facilities.
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