Global Medical REIT Inc. Announces Common Stock Offering
June 27 2017 - 4:01PM
Business Wire
Global Medical REIT Inc. (NYSE:GMRE) (the “Company”)
today announced the commencement of an underwritten public offering
of 3,500,000 shares of its common stock, subject to market and
other conditions. The company expects to grant the underwriters a
30-day option to purchase an additional 525,000 shares of common
stock to cover over-allotments, if any. Global Medical REIT intends
to use the net proceeds from this offering to repay $25.0 million
of the outstanding indebtedness under its revolving credit facility
and to fund acquisitions or for other general corporate
purposes.
Janney Montgomery Scott, Wunderlich and BMO Capital Markets are
serving as the book-running managers for the offering.
The offering is being made pursuant to the Company's shelf
registration statement, which was declared effective by
the U.S. Securities and Exchange Commission ("SEC")
on June 19, 2017. Copies of the preliminary prospectus
supplement and accompanying prospectus may be obtained from
the SEC's website at www.sec.gov or by
contacting: Janney Montgomery Scott LLC, 1717 Arch
Street, Philadelphia, Pennsylvania 19103 or by email
at prospectus@janney.com.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy nor shall there be any sale of
these shares or any other securities in any state in which such
offer, solicitation or sale would be unlawful, prior to
registration or qualification under the securities laws of any
state.
About Global Medical REIT Inc.
Global Medical REIT Inc. is a Maryland corporation engaged
primarily in the acquisition of licensed, state-of-the-art,
purpose-built healthcare facilities and the leasing of these
facilities to strong clinical operators with leading market share.
The Company intends to produce increasing, reliable rental revenue
by expanding its portfolio, and leasing each of its healthcare
facilities to market-leading operators under a long-term triple-net
lease. The Company’s management team has significant healthcare,
real estate and public real estate investment trust, or REIT,
experience and has long-established relationships with a wide range
of healthcare providers. The Company intends to elect to be taxed
as a REIT for U.S. federal income tax purposes, commencing with its
taxable year ended December 31, 2016.
Forward-Looking Statements
This press release contains statements that are “forward-looking
statements” within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Exchange Act, pursuant
to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements may be identified by
the use of words such as “anticipate”, “believe”, “expect”,
“estimate”, “plan”, “outlook”, and “project” and other similar
expressions that predict or indicate future events or trends or
that are not statements of historical matters. Forward-looking
statements should not be read as a guarantee of future performance
or results, and will not necessarily be accurate indications of the
times at, or by, which such performance or results will be
achieved. Forward-looking statements are based on information
available at the time those statements are made and/or management’s
good faith belief as of that time with respect to future events.
These forward-looking statements are subject to various risks and
uncertainties, not all of which are known to the Company and many
of which are beyond the Company’s control, which could cause actual
performance or results to differ materially from those expressed in
or suggested by the forward-looking statements, including, without
limitation, the satisfaction of all conditions to, and the timely
closing of, the offering. These risks and uncertainties are
described in greater detail in the Company’s filings with the
United States Securities and Exchange Commission (the
“Commission”), including, without limitation, the Company’s annual
and periodic reports and other documents filed with the Commission.
Unless legally required, the Company disclaims any obligation to
update any forward-looking statements, whether as a result of new
information, future events or otherwise. The Company undertakes no
obligation to update these statements after the date of this
release.
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version on businesswire.com: http://www.businesswire.com/news/home/20170627006437/en/
Investor Relations CounselThe Equity Group Inc.Jeremy Hellman,
212-836-9626Senior Associatejhellman@equityny.comorAdam Prior,
212-836-9606Senior Vice Presidentaprior@equityny.com
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