Chicago, May 6 – Healthcare Trust, Inc. sold $55 million, or 2.2 million of $25-par shares, of it s7.375% series A cumulative redeemable perpetual preferred stock, announced in a press release on Thursday.
The underwriters have a 30-day option to purchase an additional 330,000 shares.
The stock is listed on the Nasdaq Global Market under the symbol “HTIA.”
Healthcare Trust plans to use the proceeds to prepay amounts outstanding under its revolving credit facility as required by the credit facility. The company may then redraw the credit facility for general corporate purposes, including the purchase of additional properties.
B. Riley Securities Inc., National Securities Corp., Janney Montgomery Scott LLC, Ladenburg Thalmann and William Blair & Co. LLC are bookrunners of the deal. Boenning & Scattergood Inc., Wedbush Securities Inc., Aegis Capital Corp. and Colliers Securities LLC are the co-managers.
Healthcare Trust is a New York-based real estate investment trust.
| Issuer: | Healthcare Trust, Inc.
|
| Issue: | Series A cumulative redeemable perpetual preferred stock
|
| Amount: | $55 million, or 2.2 million shares
|
| Greenshoe: | $8.25 million, or 330,000 shares
|
| Maturity: | Perpetual
|
| Bookrunners: | B. Riley Securities Inc., National Securities Corp., Janney Montgomery Scott LLC, Ladenburg Thalmann and William Blair & Co. LLC
|
| Co-managers: | Boenning & Scattergood Inc., Wedbush Securities Inc., Aegis Capital Corp. and Colliers Securities LLC
|
| Dividend: | 7.375%
|
| Price: | Par of $25.00
|
| Yield: | 7.375%
|
| Trade date: | May 6
|
| Settlement date: | May 11
|
| Stock symbol: | Nasdaq: HTIA
|
| Distribution: | SEC registered
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
