Health Care REIT, Toledo, Ohio, has announced a cash tender offer for any and all of its $100 million outstanding principal amount of 7.625% senior notes due March 2008.The total payment for the notes will be based on a 75-basis-point fixed spread over the 3.375% U.S. Treasury note due Feb. 15, 2008, plus accrued and unpaid interest, the real estate investment trust said. The offer is scheduled to expire at 5 p.m. Eastern time on May 4. Deutsche Bank Securities Inc. has been retained as the sole dealer/manager in connection with the tender offer. The REIT can be found online at http://www.hcreit.com.
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Issuances of new HECM-backed securities dropped off in June on both a monthly and yearly basis, according to a new report from New View Advisors.
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The vote to approve the $12 per share deal, which rejected a hostile bid from UWM Holdings, came following several postponements of a special meeting.
July 2 -
A mortgage customer claims his data was compromised in a hack last year at a tax and accounting firm reportedly used by the wholesale giant.
July 2 -
The government-sponsored enterprise clamped down on project review requirements and certain factory-built home appraisals while loosening other guidelines.
July 2 -
The June jobs report is creating an overhang on economist forecasts for interest rates going forward, especially when combined with recent inflation data.
July 2 -
The Bureau of Labor Statistics report showed the labor force continued to expand but at a weaker rate than in recent months. The development weakens the case for a near-term rate hike.
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