Summary
Health Care REIT, Inc. (WELL) announced on September 4, 2008, its intention to offer 7,000,000 shares of common stock. This offering is being made under a previously effective Registration Statement on Form S-3. The company has entered into an underwriting agreement with a syndicate of underwriters, including Deutsche Bank Securities Inc., Banc of America Securities LLC, UBS Securities LLC, and Merrill Lynch, Pierce, Fenner & Smith Incorporated, acting as representatives. Additionally, the company has granted the underwriters an option to purchase up to an additional 1,050,000 shares of common stock to cover potential over-allotments. This announcement, made via press release, is intended for informational purposes and is furnished, not filed, with the SEC. Investors should note that this is a capital-raising event by the company.
Key Highlights
- 1Health Care REIT, Inc. (WELL) announced an offering of 7,000,000 shares of common stock.
- 2An over-allotment option for up to an additional 1,050,000 shares has been granted to underwriters.
- 3The offering is being conducted under a Registration Statement on Form S-3 filed previously.
- 4An Underwriting Agreement has been executed with a syndicate of underwriters led by Deutsche Bank Securities Inc., Banc of America Securities LLC, UBS Securities LLC, and Merrill Lynch, Pierce, Fenner & Smith Incorporated.
- 5The press release detailing the offering was issued on September 4, 2008.
- 6The information provided is furnished under Regulation FD and is not deemed 'filed' for liability purposes.
- 7The company's CEO, George L. Chapman, signed the filing.