Health Care REIT, a Toledo, Ohio-based real estate investment trust, has priced the sale of $300 million of 4.75% convertible senior notes due in 2026.The notes will be convertible, under certain circumstances, into cash. If applicable, they will also be convertible into shares of Health Care REIT's common stock at an initial conversion price of approximately $47.89 per share, the company said. The estimated net proceeds of $293.6 million will be used to repay borrowings under the REIT's lines of credit and to invest in additional health care properties, the company said. The joint book-running managers for the offering were UBS Investment Bank and Deutsche Bank Securities. The REIT can be found on the Web at http://www.hcreit.com.
-
New guidelines regarding buy-side and sell-side real estate agent compensation are set to go into effect this summer.
Just now -
Affordability challenges also have some aspiring homeowners taking second jobs or looking to draw from retirement savings, according to Redfin.
1h ago -
The lender recorded a $59 million net loss in the fourth quarter, an 83% improvement from its third quarter performance.
March 28 -
Initial analyses of Home Mortgage Disclosure Act data show UWM ahead in 2023 loan numbers and dollar volume, but Rocket's market share still looks competitive.
March 28 -
Last year, the Raleigh, N.C.-based Integrated called off a deal to sell itself to MVB Financial after bank stocks took a hit in the aftermath of the regional bank failures. Capital hopes to expand its government-guaranteed lending with the transaction.
March 28 -
The pending end of the program comes as over half of U.S. states have already ceased accepting new applicants for federal aid aimed to help struggling households with mortgage payments.
March 28