Healthcare Trust greenshoe ups $25-par preferreds to $40.25 million

By Sarah Lizee

Olympia, Wash., Dec. 16 – Underwriters for Healthcare Trust, Inc.’s recently priced 7.375% $25-par series A cumulative redeemable perpetual preferred stock fully exercised their option to purchase additional shares, bringing the total deal size to $40.25 million, according to a press release.

As previously reported, the company priced $35 million of the preferred stock after the market closed on Dec. 5.

The greenshoe was for $5.25 million, or 210,000 shares.

B. Riley FBR, Inc., D.A. Davidson & Co., Ladenburg Thalmann & Co. Inc. and William Blair & Co., LLC are the joint bookrunners.

Co-managers are National Securities Corp., Boenning & Scattergood, Inc. and Wedbush Securities Inc.

Healthcare Trust plans to use the proceeds for general corporate purposes, which may include purchases of additional properties.

The company plans to list the preferreds on the Nasdaq.

Healthcare Trust is a New York-based real estate investment trust.

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