NorthWest Healthcare to redeem 6.5%, 7.5% convertible debentures

New York, Nov. 9 – NorthWest Healthcare Properties Real Estate Investment Trust will redeem its C$22.6 million of 6.5% convertible unsecured subordinated debentures due March 31, 2018 and its C$17.5 million of 7.5% convertible unsecured subordinated debentures due Sept. 30, 2018 on Dec. 11, according to a news release.

In each case, the issuer will pay par plus accrued interest up to but excluding the redemption date in cash.

NorthWest Healthcare is a Toronto-based real estate investment trust that has a portfolio of international healthcare real estate infrastructure made up of 144 income-producing medical office buildings, clinics and hospitals in Canada, Brazil, Germany, Australia and New Zealand.

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