Senior Housing Properties Trust Announces Proposed Public Offering of 8,000,000 Common Shares
January 22 2013 - 4:05PM
Business Wire
Senior Housing Properties Trust (NYSE: SNH) today announced it
commenced a public offering of 8,000,000 common shares. SNH expects
to use the proceeds of this offering to repay amounts outstanding
under its revolving credit facility and for general business
purposes, including funding acquisitions. It is contemplated that
the underwriters will also be granted a 30-day option to purchase
up to an additional 1,200,000 common shares.
The joint bookrunning managers for this offering are Jefferies,
Citigroup and Wells Fargo Securities. The joint lead managers are
BofA Merrill Lynch, Morgan Stanley, RBC Capital Markets and UBS
Investment Bank.
This press release is neither an offer to sell nor a
solicitation of an offer to buy shares, 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 registration
or qualification under the securities laws of such state or
jurisdiction. The preliminary prospectus supplement relating to
this offering and related prospectus are expected to be filed with
the Securities and Exchange Commission (SEC) and copies can be
obtained by contacting the offices of: Jefferies & Company,
Inc., 520 Madison Avenue, 12th floor, New York, NY 10022,
telephone: (877) 547-6340; Citigroup, c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone:
(800) 831-9146 or Wells Fargo Securities, Attention: Equity
Syndicate Department, 375 Park Avenue, New York, New York, 10152,
by email at cmclientsupport@wellsfargo.com.
WARNING CONCERNING FORWARD LOOKING
STATEMENTS
THIS PRESS RELEASE CONTAINS FORWARD LOOKING STATEMENTS WITHIN
THE MEANING OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
AND OTHER SECURITIES LAWS. THESE FORWARD LOOKING STATEMENTS ARE
BASED UPON SNH’S PRESENT BELIEFS AND EXPECTATIONS, BUT THESE
STATEMENTS ARE NOT GUARANTEED. FOR EXAMPLE, ALTHOUGH THIS PRESS
RELEASE REFERS TO AN OFFERING OF 8,000,000 COMMON SHARES, GREATER
OR LESS THAN 8,000,000 COMMON SHARES MAY BE SOLD OR THIS OFFERING
MAY BE WITHDRAWN. INVESTORS SHOULD NOT PLACE UNDUE RELIANCE UPON
ANY FORWARD LOOKING STATEMENT.
A Maryland Real Estate Investment Trust with
transferable shares of beneficial interest listed on the New York
Stock Exchange.No shareholder, Trustee or officer is personally
liable for any act or obligation of the Trust.
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