TOLEDO, Ohio, Nov 10, 2010 (BUSINESS WIRE) --Health Care REIT, Inc. (NYSE:HCN) today announced that it has priced an offering of $450 million in aggregate principal amount of 4.95% Senior Notes due January 15, 2021. The notes were priced at 99.349% of their face amount to yield 5.031%. Subject to customary closing conditions, the offering is expected to close on November 16, 2010.
The company intends to use the net proceeds from this offering for general corporate purposes, including investing in health care and senior housing properties.
Merrill Lynch, Pierce, Fenner & Smith Incorporated, Credit Agricole Securities (USA) Inc., Deutsche Bank Securities Inc., and UBS Securities LLC acted as joint book-running managers for this offering.
The offering is made pursuant to Health Care REIT's shelf registration statement on file with the Securities and Exchange Commission. A copy of the prospectus supplement and accompanying prospectus relating to the offering may be obtained by contacting Merrill Lynch, Pierce, Fenner & Smith Incorporated, 100 West 33rd Street, 3rd Floor, New York, New York 10001, Attention: Prospectus Department or by calling 1-800-294-1322, Credit Agricole Securities (USA) Inc., 1301 Avenue of the Americas, 17th Floor, New York, New York 10019-6022, Attention: US Debt Syndicate or by calling 1-866-807-6030, Deutsche Bank Securities Inc., 100 Plaza One, Floor 2, Jersey City, New Jersey 07311-3901, Attention: Prospectus Department or by calling 1-800-503-4611, or UBS Securities LLC, 299 Park Avenue, New York, New York 10171, Attention: Prospectus Specialist, or by calling 1-877-827-6444 ext. 561 3884.
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 registration or qualification under the securities laws of such state or jurisdiction.
About Health Care REIT. Health Care REIT, Inc., an S&P 500 company with headquarters in Toledo, Ohio, is a real estate investment trust that invests across the full spectrum of senior housing and health care real estate. The company also provides an extensive array of property management and development services. As of September 30, 2010, the company's broadly diversified portfolio consisted of 641 properties in 39 states. More information is available on the company's website at www.hcreit.com. The information on our website is not part of our offering.
SOURCE: Health Care REIT, Inc.
Health Care REIT, Inc. Scott Estes, 419-247-2800 or Mike Crabtree, 419-247-2800