Tuesday, September 25, 2012

healthcare realty trust ipo common stock prices

healthcare realty trust ipo common stock prices : Healthcare Realty Trust Incorporated (HR:Quote) Tuesday announced that it has priced the underwritten public offering of 8 million newly issued shares of common stock at a public offering price of $22.85 per share.
The real estate investment trust further stated that it has granted the underwriters a 30-day option to purchase up to an additional 1,200,000 shares.
The company intends to receive net proceeds, after underwriting discounts and commissions and before giving effect to the underwriters' option, if exercised, of $174.8 million from the offering.

The Company intends to use the net proceeds from this offering for the funding of two build-to-suit healthcare facilities, the acquisition of healthcare facilities and other general corporate purposes, including the repayment of debt.

Further, the company stated that the closing of the transaction, subject to customary closing conditions, is expected to occur on or about September 28, 2012.

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