American Healthcare REIT Announces Pricing of Upsized Primary Public Offering of Common Stock
American Healthcare REIT Announces Pricing of Upsized Primary Public Offering of Common Stock |
[18-September-2024] |
IRVINE, Calif., Sept. 18, 2024 /PRNewswire/ -- American Healthcare REIT, Inc., (NYSE: AHR; the "Company"), announced today the pricing of an underwritten public offering of 17,400,000 shares of its common stock at a public offering price of $23.55 per share. The Company has granted the underwriters a 30-day option to purchase up to an additional 2,610,000 shares of common stock. The Company expects to use the net proceeds from the offering to exercise its option to purchase its joint venture partner's 24% minority membership interest in Trilogy Holdings, LLC and to repay certain amounts of debt outstanding under its lines of credit. All of the shares are being offered by the Company, and the offering is expected to close on September 20, 2024, subject to customary closing conditions. BofA Securities, Morgan Stanley and KeyBanc Capital Markets are acting as the joint book-running managers of the offering. Citigroup, RBC Capital Markets, Truist Securities and Barclays are acting as the book-running managers of the offering. Citizens JMP, Fifth Third Securities, Regions Securities LLC and Credit Agricole CIB are acting as co-managers of the offering. The offering of the common stock is being made pursuant to the Company's effective shelf registration statement filed with the Securities and Exchange Commission (the "SEC"). A prospectus supplement and accompanying prospectus relating to the offering will be filed with the SEC. When available, a copy of the prospectus supplement and accompanying prospectus relating to the offering may be obtained from BofA Securities, Inc., NC1-022-02-25, 201 North Tryon Street, Charlotte, NC 28255-0001, Attn: Prospectus Department, Email: dg.prospectus_requests@bofa.com; Morgan Stanley & Co. LLC, Attn.: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014; or KeyBanc Capital Markets Inc., 127 Public Square, 7th Floor, Cleveland, OH 44114, Attention: Equity Syndicate, or by visiting the EDGAR database on the SEC's web site at www.sec.gov. This press release does not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of these securities in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About American Healthcare REIT, Inc. Forward-Looking Statements
View original content to download multimedia:https://www.prnewswire.com/news-releases/american-healthcare-reit-announces-pricing-of-upsized-primary-public-offering-of-common-stock-302252543.html SOURCE American Healthcare REIT, Inc. | ||||||||||
Company Codes: NYSE:AHR |