Healthcare Realty Trust Announces Public Offering of 8,000,000 Shares of Common Stock
June 28 2016 - 4:01PM
Healthcare Realty Trust Incorporated (NYSE:HR) announced today that
it has commenced an underwritten public offering of 8,000,000
shares of the Company's common stock. As part of the offering, the
Company also intends to grant the underwriters a 30-day option to
purchase up to an additional 1,200,000 shares. The Company intends
to use the net proceeds from this offering for general corporate
purposes, including the acquisition and development of outpatient
healthcare facilities. Pending such investments, the Company
will apply the net proceeds to outstanding indebtedness under its
unsecured credit facility and unsecured term loan and to the
repayment of mortgage debt.
Wells Fargo Securities and J.P. Morgan and are acting as joint
book-running managers for the offering. Copies of the
preliminary prospectus supplement and accompanying prospectus
relating to the offering may be obtained, when available, from
Wells Fargo Securities, 375 Park Avenue, New York, New York 10152,
Attention: Equity Syndicate Department, telephone: (800) 326-5897,
email: cmclientsupport@wellsfargo.com or J.P. Morgan Securities
LLC, Attention: Broadridge Financial Solutions, 1155 Long Island
Avenue, Edgewood, New York 11717, telephone: (866) 803-9204.
The offering is being made solely by means of a prospectus
supplement to the Company's prospectus, dated February 19, 2014,
filed as part of the Company's effective shelf registration
statement relating to these securities. This press release is not
an offer to sell, nor a solicitation of an offer to buy securities,
nor shall there be any sale of these securities in any state or
jurisdiction in which the offer, solicitation or sale would be
unlawful prior to the registration or qualification under the
securities laws of such state or jurisdiction.
Healthcare Realty Trust is a real estate investment trust that
integrates owning, managing, financing and developing
income-producing real estate properties associated primarily with
the delivery of outpatient healthcare services throughout the
United States. As of March 31, 2016, the Company had
investments of approximately $3.4 billion in 199 real estate
properties located in 30 states total approximately 14.3 million
square feet. The Company provides property management
services to approximately 9.9 million square feet nationwide.
In addition to the historical information contained within, the
matters discussed in this press release may contain forward-looking
statements that involve risks, uncertainties, estimates and
assumptions, including the ultimate terms at which the sale of
securities will occur and the use of proceeds from the offering.
These risks are discussed in filings with the Securities and
Exchange Commission by Healthcare Realty Trust, including in the
prospectus supplement, accompanying prospectus and in its Annual
Report on Form 10-K for the year ended December 31, 2015 under the
heading "Risk Factors," and as updated in its Quarterly Reports on
Form 10-Q filed thereafter. Forward-looking statements
represent the Company's judgment as of the date of this
release. The Company disclaims any obligation to update
forward-looking statements.
Carla Baca
Director of Corporate Communications
P:615.269.8175
Healthcare Realty (NYSE:HR)
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